Acquisition Announcement Sends Micro Cap Higher

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, March 29, 2022

An Oregon-based healthcare company just made a major announcement on Tuesday. Earlier this morning, the micro cap announced that it has signed a definitive merger agreement related to the acquisition of DHS Development, Inc. This lead to a strong rally for shares of Nutranomics Inc. (OTCPK:NNRX).

Nutranomics Inc. is engaged in the research, development, and sale of nutritional food products. The company offers approximately 480 nutritional supplements, including formulating vitamin, mineral, herbal, and probiotic supplements. It offers several nutritional products such as Viral Guard, Total Body Detox, The Works, All Natural Vitamin C Complex, Glucozyme, South American Herbal Blend, Immune Modulating Complex, PhytoNutrient, Pre Pro-Biotic, and Mobility and Flexibility Complex. The company also developed a patented Assimilation Enhancing System (AES).

Traders were bullish on the news as shares climbed up to $0.0006/share (+71.43%) at the session high. This move could be an indication of things to come as shares of this micro cap are well off their 52-week high of $0.0033/share.

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