Greene Concepts Inc (OTCMKTS:INKW) Stock Gains Momentum After Recent Development

At the beginning of a new trading week, investors are almost always going to look back on the stocks which ended up with significant gains on the previous Friday. There were a number of stocks which had ended up with substantial gains this past Friday and one of those was that Greene Concepts Inc (OTCMKTS:INKW) stock, which had ended up with gains of as much as 22%.

Considering the magnitude of the gains made by the company, it is quite likely that the stock is going to come into focus among investors today. It may be a good idea for investors to consider taking a closer look at the company’s business and then look into the recent developments which may have led to the rally that was seen on Friday.

Trading Data

On Friday, INKW stock soared 22.13% to $0.0074 with more than 13.12 million shares traded, compared to volume of 4.64 million shares. The stock moved within a range of $0.0060 – 0.0079 after opening trading at $0.0061.

About The Company

Greene Concepts is involved in the fast growing beverage sector and is involved in the production of healthy and premium beverages which could fulfill the nutritional needs of the consumers. At the same time, the beverages produced by the company are meant for refreshing the bodies, minds and spirits of the consumers as well.

The flagship product of Greene Concepts is BE WATER, a top of the range artisanal water that is meant for boosting health and wellness. The company’s bottling and beverage plant is situated in Marion in North Carolina and the water used for the manufacturing process is sourced ethically form artesian wells and seven springs. The company is committed to promoting, developing and marketing premium brands of beverages which could boost the health and wellness of consumers.

Greene Concepts Donates a Truckload of Bottled Water to Jackson, KY to Support Local Residents Following Intense Flooding and High Temperatures

The company was actually in the news this past Friday on August 5 when it made a major new announcement with regards to its philanthropic activities. Greene Concepts announced that it had donated a whole truckload of its flagship BE WATER to the city of Jackson in Kentucky.

The donation had been made by the company for the purpose of supporting the rural residents of the place and in the nearby areas who had been severely affected by the flooding that had taken place in the area. Many of the residents are yet to receive any aid and hence, Greene Concepts decided to donate a truckload of BE WATER. The entire truckload is made up of 1540 cases or 36960 bottlers of the product. The truckload had already arrived at the destination back on August 4.

Greene Concepts Completes First Production Run of Happy Mellow Immune Support Beverage

As per a news report on a leading network from back on August 1 it had been indicated that as many as 37 people had lost their lives owing to the flooding. The flooding had been brought about by the deluge of rainfall that had taken place in the area in recent times. It has been described as one of the deadliest floods to have taken place in the area and has also been called the ‘1000 Year Flood’. The move from Greene Concepts seems to have come as a source of considerable optimism for investors.

Technical Data

INKW stock is trading above the 20-Day and 50-Day Moving averages of $0.0048 and $0.0042 respectively. However, the stock is trading below the 200-Day moving average of $0.0077. The company has a total market capitalization of $15.70 million. The stock is up 42% over the past week.