Glucose Health Inc. (OTCMKTS:GLUC) is up 6% after announcing acceptance of John Fieldly and Hal Kravitz’s resignations from the company’s board of directors.
Trading Data
On Thursday, GLUC stock surged 6.50% to $1.48 with more than 5.2k shares traded, compared to its average volume of 18k shares. The stock moved within a range of $1.2935 – 1.4800 after opening trading at $1.48.
Glucose Health, Inc. Corporate Update
The company manufactures the GLUODOWN brand, which is a new beverage sector category of diabetic-friendly, functional beverages. The company is best positioned amongst nascent beverage firms in the US by focusing on creating tasty and healthy beverages that are nutritionally appropriate for the nation’s more than100 million pre and Type-2 diabetics, as well as announcing a new tasty and healthy ready-to-drink drink developed to improve the nutritional status of 45+ consumers in 2022.
Recently thecompany announced its fiscal 2021 annual results in which it almost doubled its gross profits and revenue and attained a status of being debt-free. Revenue was up 98% to $953,681 while gross profit increased 136% to $419,042. In 2021 the company’s GLUCODOWN Cherry outsold all the company’s enhanced water flavors and also outsold iced tea flavors on Amazon. Therefore GLUC is worth watching.
Technical Data
GLUC stock is trading below the 20-Day and 50-Day Moving averages of $1.68 and $1.56 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.28.
