PURA Up 22% Breaks 50 Day MA and Makes Top 50 Most Actively Traded OTC Stocks On CBD Investment News
February 11 2020 - 9:25AM
InvestorsHub NewsWire
PURA Up 22% Breaks 50 Day MA and
Makes Top 50 Most Actively Traded OTC Stocks On CBD Investment
News
February 11, 2020 -- InvestorsHub NewsWire --
via www.nextbigticker.com
--
NextBigTicker/PURA February 11,
2020
Puration, Inc. (USOTC:PURA)
increased over 22% yesterday closing at $0.041 after announcing a
$5 million investment to fund the acquisition
of CBD infused beverage, edible and topical operations. The
PPS could be staging to run back to its $0.15 52-week high. The
news yesterday included an indication that the company expected to
make its first acquisition offer later this week. The
anticipated acquisition release could fuel an even higher PPS
climb.
PURA was one of the top 50 most actively
traded stocks yesterday on the OTC experiencing major technical
breakthroughs with an MACD cross and pushing past the $0.039 50 Day
Moving Average. PURA hit $0.09 last September after trading
in the $0.04 range days prior. Last March, PURA hit $0.15
after trading in the $0.06 range days prior. PURA looks well
staged to see another one of its historic periodic PPS surges
triggered by news.
Analyst Speculative Buy and $0.35 PPS
Target
PURA on
Wednesday last week announced a next iteration of an ongoing CBD
consumer survey conducted by Goldman Research on behalf of PURA to
gauge and refine the company’s ongoing approach to the CBD consumer
market.
The Goldman CBD consumer survey included a PURA
speculative BUY recommendation and at $0.35 target PPS. PURA
closed yesterday at $0.29. Realizing the target PPS could
deliver a 1000%
ROI. |
The full CBD
consumer survey update can be viewed
at GOLDMAN CBD
SURVEY.
Other highly traded stocks trending recently include CytoDyn
(CYDY),
Grayscale Bitcoin Trust (GBTC),
and Hemp (HEMP).
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Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the
meaning of the Securities Litigation Reform Act. The statements
reflect the Company's current views with respect to future events
that involve risks and uncertainties. Among others, these risks
include the expectation that any of the companies mentioned herein
will achieve significant sales, the failure to meet schedule or
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Source: www.nextbigticker.com
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