Neptune Wellness Solutions (NASDAQ:NEPT) Stock Continues to Trend Lower
Shares of Neptune Wellness Solutions (NASDAQ:NEPT) continued to trend lower on Friday and fell 6% last week.
Market Stats
On Friday, NEPT stock moved down 1.40% at $0.4931 with more than 11.91 million shares, compared to its average volume of 1.74 million shares. The stock has moved within a range of $0.4900 – 0.5659 after opening trading at $0.5380.
Appoints Morry Brown as Vice President, Investor Relations
Neptune Wellness Solutions (NASDAQ:NEPT), which develops plant-based, sustainable and purpose-driven lifestyle brands, has made an announcement on the 12th of November, about the appointment of Morry Brown as Vice President, Investor Relations. His journey with the company starts from November 29, 2021.
Mr. Brown has a bachelor’s degree in Business Administration, Finance and Management Concentrations from the Goizueta Business School, and is a Chartered Financial Analyst. He has vast expertise in areas of finance, capital markets and investor relations. Over the years, he has worked in many equity roles at banks such as Citigroup, Goldman Sachs and Wedbush Securities. He has also led the investor relations program at MedMen, which is a premier cannabis retailer in the United States. Apart from that, Mr. Brown has acted in an advisory role in the Cannabis and Health & Wellness sectors since 2019. He is the founder of EarnWell – an environmental, social and governance (ESG)-driven investment mobile application.
Michael Cammarata, President and Chief Executive Officer of Neptune Wellness, is excited to welcome Mr. Brown on board. His experience in investor relations and capital markets will prove to be extremely valuable when it comes to improving investor communications and engagement. Neptune’s continued focus on sustainability will be helped by his knowledge of the cannabis industry and experienced ESG investment lens.
Key Quote
Michael Cammarata, President and Chief Executive Officer of Neptune Wellness, said, “Morry brings extensive experience in investor relations and capital markets and is a valuable addition to the Neptune team. We look forward to welcoming Morry to help enhance our investor communications and engagement, particularly with his knowledge of the cannabis industry and experienced ESG investment lens, which aligns with Neptune’s focus on sustainability.”
Traders Corner
NEPT stock is below the 20-Day and 50-Day Moving averages of $0.53 and $0.57 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.10. The stock is down 12% in the past month.
