Despite making a significant announcement on Thursday, the Alkame Holdings Inc (OTCMKTS:ALKM) stock did not perform well and remained a laggard as it ended the day with a decline of 7%.
Market Action:
On Thursday, ALKM stock decreased 6.67% at $0.0014 with more than 41.67 million shares, compared to its average volume of 32.03 million shares. The stock has moved within a range of $0.0013 – 0.0015 after opening the trade at $0.0015.
Receives An Additional 8 Truckload Order From Pacific Gourmet Sauces
However, the fall in the stock might actually be an opportunity for new investors and hence, it might be a good idea to take a closer look at the announcement. The company revealed yesterday that its fully owned subsidiary company West Coast Copacker Inc got a commitment for eight truck loads from Pacific Gourmet Sauces LLC for the new year. It was also revealed that the order was going to be spread across two truckloads for each quarter and the initial truckload purchase order is going to be fulfilled immediately by West Coast Copacker.
It was a major development for the Alkame Holdings subsidiary and hence, it remains to be seen if the company’s stock does get into focus among investors today or not. It should be noted that an initial order for the Teriyaki Sauce had been placed earlier on this month and that order had been fulfilled. The Chief Executive Officer of Alkame, Robert Eakle stated that he was looking forward to bringing more sauces to the market soon.
Key Quote:
“We are glad to see the positive response so soon and we look forward to assisting in bringing additional sauces to the marketplace shortly for Pacific Gourmet” stared Robert Eakle Alkame CEO.
Traders Note:
ALKM stock is trading below the 20-Day and 50-Day Moving averages of $0.0015 and $0.0016 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0020. The stock is down 18% in the past month.
