Greenlite Ventures Inc (OTCMKTS:GRNL) Stock Gains Momentum: Here is Why

One of the stocks which could get a certain degree of traction among investors today is that of Greenlite Ventures Inc (OTCMKTS:GRNL), which had clocked gains of as much as 7% last Friday. As it happens, the company was in fact in the news back on Friday after it announced that it had appointed a Chief Communications Officer in the form of Adrian ‘A Butta’ Walton, a streetball legend.

Trading Data

On Friday, GRNL stock soared 6.83% to $0.4380 with 15.37K shares, compared to its average volume 8.09K shares. The stock moved within a range of $0.4000 – 0.5100 after opening trade at $0.4200.

Adrian Walton Named Chief Communications Officer For Greenlite Ventures

The appointment seemed to have come as a source of considerable optimism among investors and that was reflected in the price action in the Greenlite stock. It may be a good idea to take a look at the credentials of Walton before making a decision with regards to the Greenlite stock.

Walton has worked in the public sphere for around 15 years and in the past, he had worked at H3Enterprises, the first hip hop company to have been publicly traded, as the Chief Communications Officer. In addition to that, he is also a Director of Community Outreach currently at Altitude International. In his position at Greenlite, he is going to be responsible for the company’s communications which would include social media, public relations and investor relations.

Key Quote

Russell Elbaum, GRNL’s Chairman stated, “Streetball may be the most entertaining basketball of all because many times you get incredible one-on-one battles that develop between the best player on each team. The greatest I ever saw was when a 17-year-old Adrian Walton went head-to-head with all-time NBA great Vince Carter at the Rucker when “Vinsanity” was at the peak of his game. Butta torched him for 34 and just missed singlehandedly pulling off a monumental upset. It was obvious to all witnesses that young Adrian was born to be a champion, and this has manifested itself even more so in his business career. Butta will be a key component of our team on many levels, and we are blessed to have him onboard.”