NRP Stone Inc (OTCMKTS:NRPI) Stock Soars After Settling Liabilities

Shares of NRP Stone Inc (OTCMKTS:NRPI) moved up on unusual volume on Wednesday.

Market Stats

On Wednesday, NRPI stock surged 16% to $0.18 with more than 67.18K shares, compared to its average volume of 263K shares. The stock moved within a range of $0.1472 – 0.1800 after opening trading at $0.1550.

NRP Stone Settles Liabilities

NRP Stone Inc (OTCMKTS:NRPI) on February 23, 2022 confirmed that is preparing to be a fully reporting company. The company paid off $950,000.00 of current liabilities and about $567,047 long-term note was converted to restricted stock at $.11.

Additionally, the $84,061 related-party advance was fully forgiven by creditor. The company has reduced liabilities by more than $1.6 million since December 2021. The transactions would be seen in quarter one of 2022 financials post the release of its year-end financials.

The company has strategically focused on building operations of acquisition, Uplift Aerospace. In the last 12 months, Uplift has provided viability through successful securing of contracts with Blue Origin and NASA. Earth-space economy has been expedited by NASA enabling its use of International Space Station for first vault in space. Uplift will be announcing more space missions scheduled during the year.

The firm recently came out with first-of-its-kind NFT collection, which doubles as exclusive membership for space-related products as well as experiences. Named Space+, it will be offering novel tokens to enable purchasers exclusive access on expanding space product list.

Space+ will be providing access to space through events and community giveaways including microgravity flights, sub-orbital space flights, rocket launch events and lunar resource missions.

Traders Corner

NRPI stock is trading above the 50-Day and 100-Day Moving averages of $0.17 and $0.16 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.10.