There were some stocks that had clocked exceptional gains on Monday and it is quite likely that legions of investors, as well as analysts, are going to be watching all those stocks fairly closely this morning. In this regard, it is perhaps important to remember that investors need to figure out if such stock is going to continue to add to its gains or if there is going to be a decline following profit booking from investors.
Yesterday WaterPure International Inc (OTCMKTS:WPUR) was one of the companies which came into considerable focus among investors and ended up delivering gains of a staggering 217%. It may be a good idea for investors to consider taking a look at the company this morning and also at the specific developments which may have led to such a strong move.
Trading Data
On Friday, WPUR stock soared 216.67% to $0.0076 with 41.04 million shares, compared to its average volume of 975K shares. The stock moved within a range of $0.0040 – 0.0086 after opening trade at $0.0042.
About The Company
This article is going to present to you an overview of the whole thing so that you can make your mind up about the WaterPure International stock one way or another. The company is still at a developmental stage and is involved in the marketing and manufacturing of atmospheric water generators (AWGs). The AWGs manufactured by the company are meant for homes as well as for small offices. The AWGs are meant for harvesting drinking water from ambient air.
The products from WaterPure International are sold by the company under the WaterPure brand through a range of distributors. The countries in which it sells its products include the United States, United Arab Emirates, Mexico, France Costa Rica, Great Britain, the Cayman Islands, and Columbia. WaterPure International had been established back in 2005 and is based out of Plymouth Meeting in Pennsylvania.
WPUR Explores Merger and Acquisition Opportunities To Expand And Transform
You now have a fair idea about the nature of WaterPure International as a company and also its operations. It is now time to take a look at the specific development that led to such a strong move in the stock yesterday. The company announced yesterday that it was engaged in discussions with regard to a wide range of mergers and acquisitions possibilities. In this regard, it is perhaps important to keep in mind that back in June this year the management at WaterPure International had announced that it was looking into a range of alternative growth triggers in light of the adverse economic climate. Since then, WaterPure International has been in discussions with regard to a range of mergers and acquisitions opportunities.
The company is currently looking to cash in on the adverse economic climate and the consequent lower valuations of many companies. It is a strategy that may pay off handsomely in the long run if the company can manage to get hold of strong assets at lower valuations. It seems that investors are fairly excited about the new direction that has been chosen by WaterPure International and it is now going to be interesting to see if the stock can manage to add to its gains over the course of the coming days.
Technical Data
WPUR stock is trading above the 20-Day and 50-Day Moving averages of $0.0033 and $0.0036 respectively. However, the stock is trading below the 200-Day moving average of $0.0085. The company has a total market capitalization of $1.87 million. The stock is up 105% over the past month.
