FuelPositive Corporation (OTCMKTS:NHHHF) Stock Falls 8% In a Week: But Why?

In the past week, there has been a steady selloff in the FuelPositive Corporation (OTCMKTS:NHHHF) stock and during that period, the stock has declined by as much as 8%. Yesterday, the company was in the news after it announced that it had appointed a new Agriculture Sector Advisor in the form of Dr Claudia Wagner-Riddle.

Market Stats

On Monday, NHHHF stock fell 0.71% to $0.1470 with more than 357K shares, compared to its average volume of 882k shares. The stock has moved within a range of $0.1460 – 0.1600 after opening trading at $0.16.

FuelPositive Announces Appointment of Environmental Scientist – Dr. Claudia Wagner-Riddle – as Agriculture Sector Advisor    

Wagner-Riddle is a researcher and professor University of Guelph and this appointment is an important one for FuelPositive. While it is true that the news did not lead to any major upward move in the FuelPositive stock, it might be the right time for investors to take a closer look into the development.

First and foremost, it should be noted that FuelPositive owns a form of technology that is not only modular but also scalable when it comes to the production of green ammonia. Green ammonia is something that has application across a broad range of industries.

The company’s Chief Executive Officer Ian Clifford spoke about the appointment of Wagner-Riddle yesterday. He stated that if the company wants to chase excellence then it would need ‘excellent people’ as part of the team and this appointment seems to be geared in that particular direction.

Traders Corner

NHHHF stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.16 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.19.