Rogue One Inc (OTCMKTS:ROAG) Stock Suddenly Falls 14%: But Why?

Despite a fairly positive development on Thursday, the Rogue One Inc (OTCMKTS:ROAG) stock remained one of the laggards and ended the day with a decline of as much as 14%. In this situation, it might be a good move for investors to consider taking a closer look at the announcement from Rogue One yesterday.

Trading Data

On Thursday, ROAG stock fell by 14.60% to $0.0240 with more than 33K shares, compared to its average volume of 224K shares. The stock has moved within a range of $0.0225 – 0.0290 after opening trade at $0.0230.

Shinju Japanese Whisky Awarded Gold in 2021 John Barleycorn Blind Taste Competition

The company noted that Shinju Japanese Whiskey had managed to bag gold at the 2021 John Barleycorn Awards. It is an important event and the recognition is an important one for Shinju Japanese Whiskey. It is primarily a tasting competition in which designers, distillers, writers and marketing professionals are recognised for their work in the industry.

In this regard, it is also necessary to note that John Barleycorn Society consists of some of the major professionals from the industry and some of the top journalists as well. Hence, bagging a gold at the event marks a major recognition for Rogue One. However, the news did not lead to any enthusiasm about its stock from among investors. That being said, it is now going to be a good to perhaps keep an eye on the stock and see if it can manage to make an upward move in the coming days.