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NovAccess Global Inc. (OTCMKTS:XSNX) Stock Falls 7% Announcing New CFO

NovAccess Global Inc. (OTCMKTS:XSNX) dropped 7% in the last session after the company welcomed its new CFO, Neil Laird. CEO Dwain Irvin said that they are delighted to welcome Laird to the company’s management team.

Market Stats

On Wednesday, XSNX stock slid 7% at $0.40 with more than 27k shares, compared to its average volume of 10K shares. The stock has moved within a range of $0.2925 – 0.4300 after opening trading at $0.43.

Latest News

Laird is a seasoned financial executive that works with upcoming firms to offer them finance and accounting-related services. He has worked with various technology firms for the past four years as a consultant. Before this, he was a CFO at Mobileum Inc., a private firm that offers roaming solutions to the telecom sector.  He was also a CFO at ADAC Laboratories, a PET system and nuclear medicine provider, and SumTotal Systems, an enterprise learning management technology provider.

Also, Laird has held various senior management positions at Measurex Corporation and Coherent Medical Lasers. He will replace ex-CFO Mike Yukich, who took the role coming from retirement to help spin off NovAccess Global from Innovest Global, its parent firm. Therefore, XSNX is worth watching in the coming weeks.

Traders Corner

XSNX stock is trading below the 20-Day and 50-Day Moving averages of $0.49 and $0.54 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.55. The stock is down 11% in the past 3-month.

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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