This morning the Puration Inc (OTCMKTS:PURA) stock is likely to be in focus among investors considering the fact that it had managed to clock gains of as much as 4% yesterday. Hence, it might be a good idea for investors to take a look at the announcement from the company yesterday in order to get a better idea about Puration.
Trading Data
On Wednesday, PURA stock increased 3.10% at $0.0134 with more than 4.87 million shares, compared to its average volume of 181.20 million shares. The stock has moved within a range of $0.0130 – 0.0139after opening trade at $0.0130.
PURA Announces Hemp Solution For $41 Billion Green Tech And Sustainability Market
The company announced yesterday that an update from its Chief Executive Officer Brian Shibley had been scheduled for publication on November 18, 2021. The publication is being made by the company not too long after it announced its financial results for the third fiscal quarter.
The update is going to be delivered by Shibley later on today and hence, it might be a good idea for investors to keep an eye on the stock. In this regard, it needs to be pointed out that the company has rebooted its business considerably and taken up a radical new approach in order to cash in on the fast growing industrial hemp industry. The company is looking to bring about significant growth in 2022 and is also looking to move into the Sustainability and Green Technology market., which is expected to grow into a $41 billion market in 2028.
Technical Data
PURA stock is below the 20-Day and 50-Day Moving averages of $0.0147 and $0.0158 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.0184. The stock is up 8% in the past 3-month.
