Nanoviricides Inc. (OTC:NNVC) has been on the progressive move since Tuesday and it still holds the climb. Yesterday, the 
stock added another 2.56% to its price, and its traded volume remained notably high. As a result, NNVC stock price reached $1.00 per share and now it’s interesting if the up move will resist.
Anyway, there is not much to read about Nanoviricides these days. The last news came up a few days ago when the company reported it was to present at the Partnership Opportunities in Drug Delivery conference on Oct 4. The President of NNVC, Dr. Anil R. Diwan, said that he intended to focus on the rapid development of their drug candidates, as well as on the rapid development of different formulations for administration.
The announcement also stated that the management of Nanoviricides had no explanation for the recent drop in the company’s stock price as the company was making significant progress in all of its initiatives.[BANNER]
In the meantime, namely the President of NNVC has been disposing huge amounts of shares of the company’s common stock throughout the whole September and in the beginning of October with no reasonable explanation. Due to the numerous transactions, there were regular hesitations of NNVC stock price, which made its market position unstable.
What made it more unstable though, was the notification of late filing that Nanoviricides has recently filed with the SEC for its annual report. NNVC stated they plan to file the 10-K prior to Oct 13. However, until then investors may check only the old results, which are completely discouraging.
