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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Disclaimer/Safe Harbor:

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Source: 
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