Turner Valley Oil and GAS Inc. (OTCMKTS:TVOG) Stock Soars 82% In a Week: Here is Why

Turner Valley Oil and GAS Inc. (OTCMKTS: TVOG) is up 82% in a week. The company, which operates at Turner Venture Group Inc., has announced the purchase of a Texas-based CBD/Hemp consumer packaged goods company with three retail stores and an e-commerce sales platform.

Market Stats

On Monday, TVOG stock fell 5.30% to $0.0069 with more than 5.08 million shares, compared to its average volume of 108k shares. The stock has moved within a range of $0.0065 – 0.0170 after opening trading at $0.0100.

Turner Venture Group Announces Acquisition Agreement of Hemp / CBD Company

Since the legalization of Hemp/CBD IN 2018, the Hemp Operator has increased its retail presence to three locations in Houston. The retail outlets of the Hemp Operator have enabled it to create repeat business, product trials, brand identity, and gross profit. In addition, through a federally insured community bank, the Hemp Operator has opened a credit card trade account as well as an operational account for the firm.

The Hemp Operator is a fully integrated hemp products producer and from seed to shelf. It has created over 100 goods, including tinctures, pain medications, flowers, bath salts, lotions, edibles, drinks, and a variety of other items, all of which have their own CBD. So in the coming months, TVOG is worth watching.

Traders Corner

TVOG stock is trading above the 20-Day and 50-Day Moving averages of $0.0047 and $0.0052 respectively. However, the stock is trading below the 100-Day moving average of $0.0096.