The investors in NRP Stone Inc (OTCMKTS:NRPI) had a pretty forgettable time at the markets on Tuesday as the stock suffered from a pretty strong selloff and ended the day with declines of as much as 20% as a consequence.
Market Action
On Tuesday, NRPI stock fell 20% to $0.1260 with 36K share, compared to its average volume of 111K shares. The stock moved within a range of $0.1260 – 0.1550 after opening trade at $0.1550.
Uplift Aerospace Launching Historic NFT Collection
Considering the magnitude of the fall, it could be a good time for investors to figure out if the stock could recover or if the slide if going to continue. Yesterday, the stock crashed after NRP Stone announced that that it was going to launch the NFT Collection named ‘Launch Pass’. It would be launched on May 10, 2022 and would consist of as many as 10921 NFT artworks.
In this context, the company also announced that anyone could get a Launch Pass NFT and become a member of the Space+ community. The individual would need to pay 0.17 Ethereum in order to get the Launch Pass NFT. Once the person becomes part of the Space+ community, he is going to get access to all the utilities that are offered to the NFT holders. While the news could be a considered a significant one, it did not lead to much of excitement among investors and in fact, the stock tanked.
Traders Note
NRPI stock is trading below the 20-Day and 50-Day Moving averages of $0.15 and $0.14 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 45.
 Stock Falls: Company Launching Historic NFT Collection){kind=link}