NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Slowly Going Up
NanoTech Entertainment, Inc. (OTCMKTS:NTEK) weren’t moving much recently. The latest wave of optimistic press releases, however, helped the ticker go up even with not so big percentile movements and attracted investor interest, which was expressed by the increased volumes of traded stock.
Even though they started the week with a session in the red the optimism that filled their statements helped them turn the tide and they managed to breach the $0.10 barrier again, after more than 2 months of being traded below it.
Yesterday they gained 4.99% in value on more than double their average volume, with a total of 9.7 million shares that switched hands. NTEK‘s session started as they gapped up and instantly jumped to the day’s high of $0.112.
Even though the session started with a dumping fiasco, the huge amount of traded stock wasn’t able to push the price down and they continued the day with no significant drops. In the end they closed at $0.103 and the amount of traded stock helped generate a trade value of a little over $1 million.
It seems that even though they announced that they will be partnering with Global Outdoor Concepts (GOC), who will be shocasing the abilities of the Nuvola 4K TV sets at the Cedia Expo in Denver the product is not quite ready. As we wrote in our previous article, we checked their website and you can’t buy one, so it reamins unclear when they will be available.
Any minor set back at the moment can shatter the stock, so be sure to do a lot of due diligence and weigh out the risks before investing in it.