Marijuana related penny stocks, for the most part, completely fizzled out after their January to April runs which produced 10-bagger gains just for mentioning “cannabis” in a press release or SEC filing. Neutra Corp. (NTRR) was a perfect example of that trend as investors who got in too late during February and March slowly watched the share price of the healthy lifestyle development stage company slide from 0.95 and 0.90 in February and March to 0.20 and 0.25 throughout almost all of June. With a launch date soon approaching for their cutting-edge Diamond Anvil vaporizer pen next month, the hype of New York electing to become the 23rd state to legalize medical marijuana has had a very positive effect on NTRR stock.
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
NTRR Stock Quote
Market Cap: 9.71M
Last: 0.46 ▲ +0.121 (+35.69%)
Dollar Volume: $696,594
14-Day RSI: 76.45%
1st Resistance Point: 0.51
1st Support Level: 0.375
52Wk High: 1.28
52Wk Low: 0.2001
With legal cannabis sales expected to reach $2.57 billion this year, up from $1.53 billion a year ago, companies like Neutra Corp. are capitalizing on the new craze in more ways than one. The market for marijuana products that aren’t the actual weed itself are in such strong demand that investing in the idea has become a money printing machine that becoming a convertible note payable holder can make you a very wealthy investor, much faster than buying and selling shares of NTRR stock can.
Neutra Corp. had convertible notes payable, net of discount, on it’s books as of January 31, 2014 worth $704,046. The significance of this is that during the three months ended April 30, 2014, the holders of convertible notes elected to convert $54,000 worth of principal and interest into 5,400,000 shares of NTRR stock. Another $8,000 into 800,000 shares, $6,329 into 632,946 shares, and $20,000 into 400,000 shares was subsequently converted between April 30, 2014 and June 18, 2014 which is clearly why NTRR stock dropped from near $1 to less than $0.25 from March to June.
Prior to the dumpages, shares of NTRR stock really took off shortly after the announcement made on February 11, 2014, when Neutra Corp. acquired Diamond Anvil Designs, a developer of smoke-free nutraceutical delivery systems that was operating as a startup vapor pen company designing an all-purpose vapor pen. The “vape” market has catered itself to the tobacco industry for the most part, but the revised atomizer the Diamond Anvil vaporizer pen claims to have is targeting a whole other segment, the marijuana smokers, with it’s ability to deliver a variety of nutraceutical substances, including dry herbs, oils and waxes.
While the U.S. cannabis market and ancillary industries continue their boom, it will be light years from 2014 before a company like Neutra Corp. can expect to begin booking their first revenues from these 23 states tat have decided to legalize medicinal marijuana. Despite that being a factor to the eventual success of the company, the optimism NTRR investors have displayed over the past week or so has made it one of the hottest penny stocks on the OTC market, gaining 129.89% since their 52 week low set nearly a month ago.
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
About NTRR Stock
Neutra Corp. is a development stage company focused on the research and development of Nutraceutical products derived from all natural and organic origins for markets such as: weight-loss, detox, men’s health, acid-alkali pH balance, anti-aging, sleep disorders, autism, pain management with the use of the new thriving medical cannabis products, and air space sanitation derived by nutraceutical technology.
Issued and Outstanding: 22,137,461
Last 5 Trading Sessions:
As long as those $0.01 and $0.05 NTRR stock holders who converted their note payables can keep their fingers off the sell button, there is a great chance that the shortened week will see much more bullishness like today. Although penny stocks in the marijuana sector have taken a back seat since mid-March, nothing is really propelling any momentum right now except the huge bounce off of $1.08 that Vape Holdings Inc. (VAPE) had around the same time NTRR began to bounce.