If there is one stock that is very likely to be on the watch lists of many investors this morning then it is that of Green Globe International Inc (OTCMKTS:GGII). It was in considerable focus last Friday and had ended up with staggering gains of as much as 110% for the day.
Trading Data
On Friday, GGII stock soared 110.94% to $0.0135with more than 448.65 million shares, compared to volume of 16.80 million shares. The stock moved within a range of $0.0064 – 0.0136 after opening trade at $0.0064.
Key Triggers
The stock came into major focus last Thursday after it emerged that Hempacco, a company that it had spun off, was going to have its IPO on NASDAQ. The company was going to have its IPO on NASDAQ and was expecting to raise as much as $10 million through the offering of its shares for $6 apiece.
In this situation, it may be a good idea for investors to get a better look at Hempacco as a company. It is a hemp manufacturing firm, which is vertically integrated and operates out of a modern manufacturing facility in San Diego which stretches over an area of as much as 53000 square feet.
In addition to manufacturing its own branded products, Hempacco is also known for offering private label supplying services. It also owns its own hemp and CBD vending machines.
Technical Data
GGII stock is trading above the 20-Day and 50-Day Moving averages of $0.0032 and $0.0021 respectively. However, the stock is trading above the 200-Day moving average of $0.0033. The company has a total market capitalization of $731 million. The stock is up 419% over the past three months.
