Trading just 0.0013 above its lowest point ever, the penny stock of Neologic Animation Inc. (NANI) is looking to have a very impressive Wednesday session. While the primary school students in China are still waiting patiently for Naniya World, an after school education website dedicated to one day cultivating students’ independent learning capacity, traders will have to choose whether NANI stock is worth the hassle of seeing a potential 100% or better return today. With $1,100,000 estimated to be used over the next 12 months to get make their plan work, the strategic partnership with Beijing Normal University’s Department of Psychology they announced in May might just be the ticket.
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NANI Stock Quote
Market Cap: 488.19K
Tuesday Close: 0.004 ▲ +0.0009 (+29.03%)
Volume: 881,000
Dollar Volume: $3,289
Open: 0.0031
High: 0.0045
Low: 0.0031
Trades: 15
Authorized: 400,000,000
Issued and Outstanding: 162,729,000
14-Day Rel Strength: 47.34%
1st Resistance Point: 0.0046
2nd Resistance Point: 0.0053
1st Support Level: 0.003
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Hoping to one day inspire every child in China to become the best student they can possibly be by showing them that learning is fun, Neologic Animation has been trying to get Naniya World up and running for nearly a year now. For obvious reasons, no revenues have been able to be booked, yet by seeing how they not only decreased their authorized shares back in 2012.
The 85,000,000 shares of NANI stock issued in May, 2012 in exchange for all 50,000 shares held by shareholders of Full East International Limited makes one think Dr. Zhang Hongxiao, President, CEO, Secretary, Treasurer and Director of the company, has no intentions on being shot by a Chinese firing squad.
The Chinese execute approximately 4,000 white collar criminals each year by firing squad according to a report from Business Insider. Being that Neologic Animation joined up with Beijing Normal University, a key China based university directly subordinate to the Ministry of Education, the day will eventually come when Naniya World is not only a success, but also bringing in revenues for the company.
Today’s announcement of plans to allow students interactive roll playing in its games only solidifies the end goal of Neologic Animation – increase the students’ learning interests as well as increase the true feeling of interaction among students.
From a technical point of view, NANI has been beaten up on very low volume. Since their August 6th peak of 0.12 on volume of just 18,559, shares of NANI stock have dropped -96.67% and volume has been averaging around 836,658 for the last 50 trading sessions, 349,960 for the last 5.
A solid rush of volume at the opening bell on this sub penny stock could send NANI past both resistance points and onward towards their Year-to-Date Moving Average of 0.0102. It will take a very impressive session for that to happen, but NANI is the red-headed stepchild of the OTC at present and could have a shinning session today.
About NANI Stock
Neologic Animation, Inc. is a developmet stage, online gaming and educational company that plans to provide interactive web based educational content and online games to primary school students.
Click here to view the SEC filings for NANI.
Click here to view the website for Neologic Animation.
Last 5 Trading Sessions:
Date | Last | Change | Volume | |
07/30/13 | 0.0040 | +0.0009 | +29.03% | 881,000 |
07/29/13 | 0.0031 | -0.0001 | -3.12% | 154,300 |
07/26/13 | 0.0032 | +0.0002 | +6.67% | 567,300 |
07/25/13 | 0.0030 | unch | unch | 38,700 |
07/24/13 | 0.0030 | unch | unch | 108,500 |
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Bottom Line:
NANI might put up the best percentage gains today on the OTC and should be on every trader’s list of penny stocks to watch pre-market. Assuming that volume can surpass 10 million on NANI stock within the first 90 minutes of trading, a test to close above a penny would not be out of the question.
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