Nanomix Corporation (OTCMKTS:NNMX) Stock On Radar After Equity Investment

Nanomix Corporation (OTCMKTS:NNMX) is a company that is currently one of the major players in the development of affordable, mobile, point of care diagnostics. The company announced yesterday that it had managed to attract an equity investment from the managing director of Woodley Equipment Company Ltd Mike Wickham.

Trading Data

On Thursday, NNMX stock decreased 32.72% to $0.0800 with more than 72.20K shares, compared to volume of 3.85K shares. The stock moved within a range of $0.0800 – 0.1500 after opening trade at $0.0925.

Nanomix Announces Equity Investment from Senior Executive of Woodley Equipment Company, Ltd. at a Premium to Market

The company announced that Wickham picked up as many as 59640 shares of the Nanomix Corporation common stock. The shares were purchased for $1.17 each for the aggregate sum of as much as $70000. The latest investment from Woodley Equipment took the total investment made by the firm into Nanomix Corporation to a total of $570000.

Back on November 9, 2022 the two entities had entered into a distribution agreement of an exclusive nature. As per the agreement, Woodley would work with the company for the development of species specific ranges of the S1 critical infection panel. In addition to that, it would also work on the distribution of the eLab system to the veterinary market outside of the United States. The latest investment is an indication of Woodley’s commitment to Nanomix Corporation and it is going to be interesting to see if there is any reaction in the markets following this development.