Since we alerted investors about Neologic Animation Inc. (NANI) at 0.086, the penny stock of the educational software company has gained as much as 122%. NANI stock price opened at its highest price yet yesterday, 0.191, before dropping -6.32% to close at 0.178 on volume of 1,228,731 shares. The People’s Republic of China based Company announced today the expansion strategy for their afterschool training website, “Naniya World”. With a target market of over 100 million primary and 65 million secondary school students, this could be a huge money maker assuming there is true financial transparency.
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NANI Stock Chart
Avg Trade Size: 5,935
Commenting on the announcement was Neologic Animation CEO Hongxiao Zhang stating that the Company’s expansion strategy for the Yangtze River Delta will enable them to further strengthen their foot-hold in this key sample market. The Company will place agents at each level including city, provincial and country in an effort to efficiently manage the network and collect valuable data about this industry, an industry that is projected to reach $47 billion.
Translation: No product in place, still planning to conduct market research.
About NANI Stock
Neologic Animation Inc.is an educational software development and marketing company; currently developing a website to be marketed as “Naniya World” for primary school students in China. The website’s goal is to educate children how to develop and hone their creative skills through interactive educational games that incorporate Adobe Flash.
Bottom Line: This penny stock took no time to get acquainted to the OTC before taking off. NANI is on a run with some strong believers which means it deserves the attention of those new to it. No question, it will be under a nickel one day later this year. However, for now, NANI is bullish and can give a few percentage points away here and there.
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