PURA Rated BULLISH Pending Q3 RPT Optimism and Anticipated Dividend Declaration Coming This Week - $0.25 Rebound Potential
November 13 2018 - 9:45AM
InvestorsHub NewsWire
New York, NY – November 13, 2018 -
InvestorsHub NewsWire -- Puration, Inc. (PURA)
announced recently its Q3 financial report for the period ending
September 30, 2018 would be filed early in order to facilitate a
timely stock dividend declaration right after the Q3 filing.
StockTA.com has rated PURA as BULLISH today based on candlestick
analysis. The Q3 report is likely to be on the
extraordinarily positive side given the company’s sales have ramped
up this year compared to last. In the previous quarter, the
company reported 600% growth compared to the same period for the
previous year. The company recently spun of its cannabis
cultivation business to Nouveau Life Pharmaceuticals, Inc. (NOUV)
in a deal that included a dividend of NOUV stock to PURA
shareholders. PURA has recently announced working closely
with NOUV to be ready for officially declaring the anticipated
dividend by November 15th, 2018 with planned date of
record within the following 30 days. Goldman Small Cap
Research issued a speculative BUY and $0.25 PPS
Target on October 10th.
The PURA PPS hit $0.25 and then snapped back and has steadily been
trading healthy volume in the $0.09 - $0.10 range. With a strong Q3
report and a dividend declaration, PURA could see a climb back to
the Analyst sustaniend recommendation of a $0.25 Target
PPS.
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