China Infrastructure Construction Corp (OTCMKTS:CHNC) Stock Falls After Shareholders Update
China Infrastructure Construction Corp (OTCMKTS:CHNC) fell 5% after the company gave an update about its Alpha Research Institute branch.
Market Stats
On Monday, CHNC stock fell 5% at $0.0019 with more than 3.44 million shares, compared to its average volume of 34.35 million shares. The stock has moved within a range of $0.0018 – 0.0020 after opening trading at $0.0020.
CHNC – Alpha Research Institute Update
In a letter to shareholders, CEO Dante Picazo said that the research facility based in Houston is active and is among the leading research sites in Houston. In addition, Picazo said that various clinical trials are taking place daily in Alpha, and they are research studies that people are volunteering to establish the latest treatments and approaches of improving public health challenges via procedures overseen by healthcare professionals and doctors bound to guidelines from the FDA.
The Alpha team deals with planning, execution, and setting up of contracted trials. Picazo said that each study is different, and thus the supply of the services and the team have to work hard to analyze, comprehend, work, and comprehend under the terms of different protocols and rules. Notably, the protocols act as a baseline for establishing a patient target audience to apply the results to specific research needs. So, investors should watch CHNC.
Traders Corner
CHNC stock is below the 20-Day and 50-Day Moving averages of $0.0022 and $0.0029 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0028. The stock is down 20% in the past month.
