In the past week, the Golden Grail Technology Inc (OTCMKTS:GOGY) stock has emerged as one of the notable gainers in the market and has managed to clock gains of as much as 25% during the period. In light of such gains, it may be a good idea for investors to consider looking into the announcement from the company on Tuesday.
Trading Data
On Tuesday, GOGY stock went up 4% to $0.26 with more than 175k shares, compared to its average volume of 426K shares. The stock moved within a range of $0.2400 – 0.2600 after opening trade at $0.2412.
Golden Grail Announces the Acquisition of Tickle Water, a Popular Children’s Beverage Brand with Recent Heavy Retail Presence
Golden Grail, which is primarily involved in the acquisition of beverage related brands, announced yesterday that it had completed the acquisition of the brand Tickle Water. Tickle Water is a premium sparkling water that had been created for children.
However, it is perhaps more important for investors to keep in mind that Tickle Water is already a fairly established brand and the acquisition of the same could prove to be a game changer for Golden Grail in the long run. It is already available in some of the major retail outlets like ShopRite, Amazon, Walmart and Walgreen’s among others.
Hence, the acquisition of an established brand could give Golden Grail a major head start in building the brand further. At this point in time investors could do well to add the stock to their watch lists and keep an eye on further developments.
Technical Data
GOGY stock is trading above the 20-Day and 50-Day Moving averages of $0.1965 and $0.1651 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0548.
