PURA Trading Turns Green After Retrace To $0.03 On Low Volume
February 21 2020 - 9:32AM
InvestorsHub NewsWire
PURA Trading Turns Green After
Retrace To $0.03 On Low Volume
February 21, 2020 -- InvestorsHub NewsWire
-- via NextBigTicker
Puration, Inc. (USOTC:PURA)
is rated VERY BULLISH today by StockTA.com/PURA and showing signs that it’s
ready to restart a potential breakout climb. The PPS had
recently dipped below $0.03 then rocketed on high volume trading to
almost $0.05 after PURA announced a $5 million
investment to fund the acquisition of CBD infused
beverage, edible and topical operations. Over the past 5 trading
sessions the PPS has retraced to $0.03 on less than half the climb
volume. Yesterday’s session showed green buying and a slight
uptick in price indicating the potential for a return to a breakout
climb.
The PPS could be staging to run back to
its $0.15 52-week high. News yesterday indicated that the company expected
to close the first acquisition of its recently launched acquisition
campaign as early as next week. The anticipated
acquisition release could fuel an even higher PPS
climb.
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 a series of acquisition news
releases.
Analyst Speculative Buy and $0.35 PPS
Target
PURA recently
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.
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