There were a number of stocks which had managed to make a strong upward move on Thursday despite the volatility in the markets and one of the stocks that had managed to record strong gains yesterday was the VPR Brands LP (OTCMKTS:VPRB), which had managed to clock gains of as much as 18%. In light of such strong gains, it is likely that the company is going to come into focus among investors today and it may be a good idea to take a closer look into its operations.
Trading Data
On Thursday, VPRB stock gained 18% to $0.0378 with more than 183k shares, compared to volume of 27K shares. The stock moved within a range of $0.0350 – 0.0397 after opening trade at $0.0350.
About The Company
VPR Brands is a technology company which is involved in the development consumer and business products which are powered by the latest in advanced technologies. In addition to that, the company is also well known for having a United States patent for atomization related solutions which can deployed for the manufacturing of medical marijuana vaporizers as well as electronic cigarettes.
However, that is not all. VPR Brands is also involved in the development of products for the vaping market and manufactures a range of products which are meant for that particular space. As one can see, the company is involved in a range of fairly dynamic and innovative industries.
VPR Brands Receives Favorable Decision from The US Patent Trial and Appeal Board (PTAB)
Yesterday, it had come into focus among investors after positive news emerged with regards to the validity of one of the company’s patent. On July 12, 2022 the Patent Trial and Appeal Board belonging to the United States Patent and Trademark Office rejected the institution of an inter parties review that had been submitted by Jupiter Research LLC. The application had been seeking to invalidate one of the patents that had belonged to VPR brands.
It should be noted that the decision from the Patent Trial and Appeal Board and cannot be appealed against. Hence, it could be said that the development was a significant one for VPR Brands and the excitement among investors was perhaps quite understandable. In this context, it is important to point out that the patent in question dates as far back as 2009 and there are some independent claims with regards to it.
As per the judgment from the Patent Trial and Appeal Board, it was noted that Jupiter had been unable to show that that claims from numbers 13 through 18 were unpatentable. It now remains to be seen if the VPR Brands stock can manage to gain any traction this morning after having managed to clock considerably gains yesterday.
Now that the issue with regards to the patent is out of the way, it should be noted that the vaping industry could well prove to be a growth sector for the company. At this point in time, VPR Brands is working on an innovative button free vape device which could deployed for CBD, cannabis and nicotine.
The innovative nature of the project may make it something to follow over the course of the coming months as the vaping industry continues to mature. Investors could do well to keep an eye on the stock today.
Technical Data
VPRB stock is trading above the 20-Day and 50-Day Moving averages of $0.0339 and $0.0376 respectively. However, the stock is trading below the 200-Day moving average of $0.0551. The company has a total market capitalization of $3.36 million. The stock is down 40% over the past 6-month.
