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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