PURA Up 22% Breaks 50 Day MA and Makes Top 50 Most Actively Traded OTC Stocks On CBD Investment News
February 11, 2020 -- InvestorsHub NewsWire -- via www.nextbigticker.com --
NextBigTicker/PURA February 11, 2020
Puration, Inc. (USOTC:PURA) increased over 22% yesterday closing at $0.041 after announcing a $5 million investment to fund the acquisition of CBD infused beverage, edible and topical operations. The PPS could be staging to run back to its $0.15 52-week high. The news yesterday included an indication that the company expected to make its first acquisition offer later this week. The anticipated acquisition release could fuel an even higher PPS climb.
PURA was one of the top 50 most actively traded stocks yesterday on the OTC experiencing major technical breakthroughs with an MACD cross and pushing past the $0.039 50 Day Moving Average. PURA hit $0.09 last September after trading in the $0.04 range days prior. Last March, PURA hit $0.15 after trading in the $0.06 range days prior. PURA looks well staged to see another one of its historic periodic PPS surges triggered by news.
Analyst Speculative Buy and $0.35 PPS Target
|PURA on Wednesday last week announced a next iteration of an ongoing CBD consumer survey conducted by Goldman Research on behalf of PURA to gauge and refine the company’s ongoing approach to the CBD consumer market.
The Goldman CBD consumer survey included a PURA speculative BUY recommendation and at $0.35 target PPS. PURA closed yesterday at $0.29. Realizing the target PPS could deliver a 1000% ROI.
The full CBD consumer survey update can be viewed at GOLDMAN CBD SURVEY.
Other highly traded stocks trending recently include CytoDyn (CYDY), Grayscale Bitcoin Trust (GBTC), and Hemp (HEMP).
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