Shares of Nano Magic Holdings Inc. (OTCMKTS:NMGX) have been trading within a narrow range over the past few sessions.
Market Action
On Thursday, NMGX stock ended flat at $0.20 with 2 shares, compared to its average volume of 224 shares. The stock moved within a range of $0.2000 – 0.2000 after opening trade at $0.20.
Nano Magic Elects Miles Gatland To Board, Makes Progress Building Brand, And Files Request For Writ Of Mandamus
Nano Magic Holdings, Inc. (OTCMKTS:NMGX) has announced about Miles Gatland joining its Board of Directors. Tom Berman, President and CEO, is confident that Gatland’s experience in the real estate sector and as an active private investor, will prove to be extremely beneficial for the company.
The company has recently announced two state-of-the-art products. Take a look:
2-in-1 Anti Fog + Lens Cleaning Solution – it combines two of Nano Magic’s top-performing formulas to create a robust and convenient anti-fog and lens cleaning solution for glasses, scuba masks, ski goggles, sport visors and protective eyewear to keep them clean and fog-free.
Nano Magic Force FieldWindshield Protection – a nanocoating that generates a non-stick, super water repellent protective barrier to protect the windshield against rain, bugs, and salt. Application is easy, while the coating provides a year of protection to enhance visibility and safety while driving.
The company has also filed petition for a writ of mandamus with the United States Court of Appeals for the District of Columbia, on February 14, 2022. It requests that the Court of Appeals order the SEC to rule on the company’s petition to set aside the trading suspension entered and expired more than 20 months ago. If the ruling is in the company’s favor, it could restore the piggyback exception, so broker-dealers can resume making a market in Nano Magic’s securities.
Traders Note
NMGX stock is trading above the 20-Day and 50-Day Moving averages of $0.17 and $0.1270. Moreover, the stock is trading is the neutral zone with RSI stands at 82.
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