NEXE Innovations Inc (OTCMKTS:NEXNF) Stock Slumps 27% In a Month: What’s The Buzz?

As the name suggests, NEXE Innovations Inc (OTCMKTS:NEXNF)  is an innovative company which is involved in the manufacturing of materials which are derived from plants.

Market Stats

On Wednesday, NEXNF stock slid 1.40% to $0.5522 with more than 25K shares, compared to its average volume of 69.9K shares. The stock has moved within a range of $0.5500 – 0.5738 after opening trading at $0.5537.

NEXE Innovations to Present at the Plant Based World Conference & Expo in NYC

While it is true that the company may be interesting in nature, its stock has been a notable laggard over the course of the past month. During that period, the stock has suffered from a steep selloff and gone down by as much as 27% as a consequence. On Wednesday, the company was in the news after it announced that it was going to be one of the presenters at the Plant Based World Conference & Expo.

It is a key event in the plant based materials industry and the fact that NEXE Innovations is going to be one of the presenters is a significant development. The event is going to be held today and tomorrow at the Jarvis Center that is located in New York City. The company is going to make its presentation at Booth 240. At the event, NEXE is going to be able to present its line of products to the participants as well as to industry veterans and hence, it could prove to be an important event for its long term prospects.

Traders Corner

NEXNF stock is trading below the 20-Day and 50-Day Moving averages of $0.63 and $0.61 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.02. The stock is down 28% in the past month.