NRP Stone (OTCMKTS:NRPI) Stock Continues to Trade in a Narrow Range
Although it is true that the NRP Stone (OTCMKTS:NRPI) stock was trading within a range on Wednesday, the company had in fact made a key announcement and it may be a good idea to take a look into it.
Market Stats
On Wednesday, NRPI stock went down 1.94% at $0.0353 with more than 233k shares, compared to its average volume of 76k shares. The stock has moved within a range of $0.0353 – 0.0400 after opening trading at $0.0360.
Successful Testing of Lunar Concrete and Begins Next Phase of Research
Moreover, stocks which trade within a range can also break out sometimes and that is another reason why the NRP Stone stock could be worth tracking. The company announced yesterday that is subsidiary company Uplift Aerospace had been successful in concluding the first phase of research in relation to lunar concrete through the deployment of Luna-crete formulation. Luna-crete has been developed by Uplift Aerospace.
The announcement from the company consisted of a significant milestone for Uplift and it may be a good idea to keep in mind that the prototype of Luna-crete managed to hit compressive strength levels of as much as 10000 psi.
The compressive strength that had been clocked by Luna-crete during testing was three times higher than what had been initially set as a target and hence, it can be said that it was a major breakthrough for Uplift Aerospace. At this point, it remains to be seen if he development leads to any bullish tendency in the NRP Stone stock or not.
