It is going to be interesting to see if Green Globe International Inc (OTCMKTS:GGII) comes into focus among investors today or not in light of the development from yesterday.
Trading Data
On Wednesday, GGII stock ended flat at $0.0021 with more than 5.50 million shares, compared to volume of 51.98 million shares. The stock moved within a range of $0.0021 – 0.0022 after opening trade at $0.0022.
Green Globe International Announces Project with SEA-el to Produce Its Most Popular Line of Facial Moisturizer, Lamina Kelp Day Cream
The company was in the news yesterday after it made an announcement with regards to Green Star Labs Inc, an entity in which it owns a 50% stake. It was announced that Green Star had gone into collaboration with San Diego based Sea-al, a natural and ocean infused kelp-based skin care products firm. The two companies are going to be involved in the manufacturing and development of Lamina Kelp Day Cream, the most popular skin moisturizer product from Sea-al.
Sea-al is going to be provided with access to the modern facility in San Diego that has been certified by the United States Food and Drug Administration. That is going to provide Sea-al with state of the art manufacturing, research and development facilities for developing the product.
At this point in time, Green Globe is trying to act on its goal of getting fast moving consumer products into the market and the latest development is a move in that direction. It may be a good move to keep an eye on the stock today.
Key Quote
“Working closely with SEA-el Corporation has been an honor, especially on their Lamina Kelp Day Cream, one of their top-selling products. It is a great experience working with a company looking to create clean, natural, and kelp-based products that benefit your skin,” said Ms. Melissa Perez, VP of Administration. “I am a witness that you will not find silicones, parabens, sulfates, GMOs, mineral oils, PEGs, chemical UV filters, petrolatum, or synthetic colors in the SEA-el brand. Our number one priority as manufacturers is to source pure, natural ingredients of the highest quality,” concluded Ms. Melissa Perez.
Technical Data
GGII stock is trading below the 20-Day and 50-Day Moving averages of $0.0024 and $0.0031 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0029.
