Although it is true that the Golden Grail Technology (OTCMKTS:GOGY) stock has declined considerably over the past week and gone down by as much as 10%, it should be noted that the company did make a key announcement yesterday.
Trading Data
On Wednesday, GOGY stock up 1.92% to $0.0899 with more than 43.2k shares, compared to its average volume of 214K shares. The stock has moved within a range of $0.0875 – 0.0899 after opening trade at $0.0898.
Trevi Essence Water Sponsors 6-Day New Year’s Skydive Event
On Wednesday, the company announced that its product Trevi Essence Water is going to be the sponsor of the 6 Day New Year’s Skydive Event that is going to take place from December 28, 2021 to January 2, 2022. The event in question is going to take place at drop zone located in Sebastian in Florida.
During the course of the entire event, bottles of Trevi Essence Water are going to be handed out to the participants. It goes without saying that the act of sponsoring an event of this nature can often prove to be a big publicity boost for any product and hence, the event is important for Golden Grail Technology.
The Marketing Consultant of Golden Grail Technology, Erin Helt, spoke about the matter as well. She said that everyone at Golden Grail Technology was excited to be associated with the ‘huge event’. However, it does remain to be seen if the stock can make a quick recovery or not.
Key Quote
“We are so excited about Trevi being a part of this huge event, and even more so a part of this thrilling community. Skydiving is the real extreme sport and there is a lack of beverage involvement. Trevi has acknowledged that these skydiving athletes need hydration and we are here to provide skydivers across the country, with a brand that they can call their own. This is just the beginning of Trevi and skydiving, we have plans to take this partnership to the maximum level,” said Erin Heit, Marketing Consultant for Golden Grail Beverages.
Technical Data
GOGY stock is above the 10-Day and 20-Day Moving averages of $0.0784 and $0.0541 respectively. Moreover, the stock is above the 200-Day moving average of $0.0204.
