The stock of Nunovux, Inc. (PINK:NVNX) went up 12% after the manufacturer of Aloe Vera-based nutritional beverages announced it had moved its headquarters to Las Vegas into a ‘state-of-the-art manufacturing facility’.
Closing at $0.179 per share, NVNX edged up $0.019, or 11.87%, thus making up for the loss it incurred the day before. A total of 2,200 shares of common NVNX stock changed hands, which is more than 12 times higher than the average daily trading volume.
What is new about NVNX is the fact that it has just become subject of a full-blown promotional campaign. As it is, third parties have now invested a total of $19 thousand to give NVNX a boost, which is kind of weird considering that NVNX only resumed trade two days ago after a five-week absence from the charts.
As mentioned above, Nunovux, Inc. engages in manufacturing and marketing nutritional beverages based on Aloe Vera – a core ingredient NVNX produces in proprietary organic farms in California. The beverages are distributed via Mazu Global, Nunovux’s marketing division.
NVNX finished the annual period ended Sept. 30, 2011 with:
- $16K in cash;
- working capital deficit in excess of $1 million;
- annual net loss of $2.55 million as opposed to a net loss of $2.14 million incurred in the preceding fiscal year.
