Nutech Energy Resources Inc (OTCMKTS:NERG) was a massive decliners during Tuesday’s trading session. The stock plummeted by close to 28% on the back of 40 times the average daily volumes. It is important to state that the stock has been trending higher over the last couple of months but seems to have found resistance at the $0.170 level. The momentum oscillators for the stock are showing clear signs of reversal towards the sell side, which is a bearish signal. Traders on the street believe the stock could head to levels of $0.0049 in the near term, which is also its 50 day moving average.
Nutech Energy Resources Inc (OTCMKTS:NERG), primarily known for producing oil & natural gas, looks forward to updating the information on all the major resources, including OTC marketplace. The initiative is the part of Nutech’s approach to securing a tier status and fulfilling all the reporting requirements in a hassle-free manner.
Road Ahead
Not long ago, Nutech hired the services of a marketing firm to strengthen its image in the market. It looks forward to expanding in many different fields, updates of which are available instantly. Nutech Energy has an amazing ranking in the market, and to make sure that this information is reached to even the least interested investor and shareholder, it launched a website.
The senior management team of Nutech Energy is delighted to announce this update and hopes that things will continue to fall in line in the future as well. According to Kevin Trizna, CEO, Nutech Energy Resources Inc, there are a few steps that Nutech has taken to revamp its web presence. The prime objective of Nutech is to reach a maximum number of users, and the web is the best way to do that. The current management team is efficient and can take Nutech to the heights that it is capable of.
As of now, Nutech’s looking forward to adding to its present stock of coalbed methane wells located in the famous Powder River Basin of Wyoming. The company wants to convert all of these properties into profit generating assets in the near future. Unlike many others, it has a technology with the help of which natural gas can be extracted without pumping water out. The entire management team is confident that this technology will turn the fortunes of Nutech forever.
Further updates about its upcoming steps to strengthen its brand image online and offline will be shared from time to time.
