At this point in time Golden Trail Technology (OTCMKTS:GOGY) is regarded as one of the faster growing innovative companies in the beverage industry.
Trading Data
On Monday, GOGY stock moved up 3.20% to $0.4850 with more than 51k shares, compared to its average volume of 391K shares. The stock moved within a range of $0.4520 – 0.5149 after opening trade at $0.5124.
Tickle Water New Can Design Completed, Next Steps Production, Then Sales and Distribution
The company is looking to manage the continued growth of its beverage portfolio through prudent investment that is responsible from the fiscal point of view. Yesterday, the stock was on the radars of many investors and ended up with gains of as much as 4% amidst heavy interest. Yesterday, Golden Trail Technology came into focus among investors in a big way after it announced that it had finally concluded the design of the new can. More importantly, the company was ready for production as well.
As it happens, the company had come into focus last week when it had announced that it was switching from plastic to cans and had also hired the services of the company Sack Lunch marketing for this purpose. This particular hire has proven to be a major boost for the company since it has allowed Golden Trail in streamlining its entire designing process. In light of the latest gains, it may be a good time for investors to consider adding the stock to their watch lists.
Key Quote
“We are very pleased with our streamlined process and we are demonstrating better than expected execution. The beverage industry is extremely competitive and the ability to move quickly and efficiently positions us ahead of the pack. Golden Grail continuously evaluates and tweaks our operation in order to maintain this competitive advantage. We are very excited to show Tickle Waters customers the new design and the new environmentally friendly packaging. We are confident this will open up many doors for the brand and get a lot of pull off the shelves,” said Steven Hoffman, Interim CEO Golden Grail Tech.
Technical Data
GOGY stock is trading above the 20-Day and 50-Day Moving averages of $0.3841 and $0.2727 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0882.
