This past Friday, there were many stocks which ended the year of 2021 strongly and one of those was The Tinley Beverage Company Inc (OTCMKTS:TNYBF) stock. The stock came into sharp focus among investors and ended the day with gains of as much as 22%.
Trading Data
On Friday, TNYBF stock moved up 21.92% to $0.1357 with 355k shares, compared to its average volume of 110k shares. The stock has moved within a range of $0.1150 – 0.1463 after opening trade at $0.1150.
Latest News
In this regard, it is also necessary to note that there was no actual news about the company at the time that could have led to such a rally. However, in this situation, it might be a good idea to take a look at a key development from back on December 24, 2021. At the time, the company provided a correction to a press release that had originally been released back on December 16, 2021.
Following the correction, it was announced by The Tinley Beverage Company that along with its two licensed co-packers in Canada, it had concluded the submission of the training, marketing and technical documentation that had been requested by the Ontario Cannabis Store.
Back on December 16, the formal notice with regards to a purchase had been issued by the Ontario Cannabis Store as well. It now remains to be seen if The Tinley Beverage Company continues to add to its gains today.
Key Quote
“Like many of our approximately 5,000 thirsty Canadian shareholders, I am looking forward to buying Tinley’s infused Canadian beverages at one of the many licensed retail outlets close to home”, said Ted Zittell, director and member, Office of the CEO.
Technical Data
TNYBF stock is trading above the 20-Day and 50-Day Moving averages of $0.10 and $0.11 respectively. However, the stock is trading below the 200-Day moving average of $0.21. The stock is up 92% in the past month.
