Puration Inc (OTCMKTS:PURA) Stock Continues to Trend Higher: Up 50% in a Month
Puration Inc (OTCMKTS:PURA) stock ended almost flat despite the news. The stock has been gaining momentum over the past month with a jump of 50%.
Market Action
On Wednesday, PURA closed lower by 1% to $0.0153. More than 2.72 million shares have exchanged hands, below its average volume of 2.94 million shares. The stock opened at $0.0156 and moved in a range of $0.0141 – 0.0156.
PURA To Launch Farmersville Hemp Brand Product Innovation Curriculum Q4 2021
Here are the highlights:
Puration had launched a hemp industry-wide strategic initiative to collectively market for multiple hemp growers and processors under a single brand name – Farmersville Hemp.
A key strategy to the Farmersville Hemp Brand collective marketing initiative will be to conduct focused, hands-on seminars for established companies with existing products that do not incorporate hemp and demonstrate to those established companies how hemp can be used to innovate their existing product lines.
The company recently broke ground on its 70-acre property in Farmersville Texas. A construction pad has been cleared for the building of multiple buildings where PURA will facilitate hands-on marketing for a wide variety of products that can be derived from hemp.
The Farmersville Hemp Brand Facility will be able to host client companies for seminars to demonstrate hemp processing and how hemp can be used as a natural, cost-effective and even superior alternative to currently available construction materials, nutraceuticals and pharmaceuticals, clothing, fuel, and plastics – to name just a few. According to one source, more than 25,000 products can be made from hemp.
Trader Notes:
PURA stock is trading above 50-day and 20-Day SMA stands at $0.0127 and $0.0137 respectively -signaling a strong short term momentum. So far this year, the stock has soared over 65%. Will the stock continues to trend higher?
