Golden Grail Technology (OTCMKTS:GOGY) On Radar As Company Reports Increase In Direct-To-Consumer Sales For KOZ Water

November 2, 2022November 2, 2022 Madison Hall $GOGY, $GOGY news, $GOGY stock, $Golden Grail Technology (OTCMKTS:GOGY), $OTCMKTS:GOGY

The beverage sector is currently one of the more interesting ones for investors at this point in time and hence, it may be a good time to take a look into Golden Grail Technology (OTCMKTS:GOGY). It is a far growing firm which is involved in the development of an innovative beverages portfolio and yesterday the company made a major new announcement.

Trading Data

On Tuesday, GOGY stock increased 3.10% to $0.2990 with more than 29.35K shares, compared to its average volume of 75.18K shares. The stock moved within a range of $0.2500 – 0.3000 after opening trade at $0.2500.

Golden Grail Technology (OTC: GOGY) announces increase in direct-to-consumer sales for KOZ Water

The company was in the news yesterday after it announced that between June 2022 and September 2022, the sales of the product KOZ Water grew by as much as 75% on the West Coast. The growth in West Coast sales coincided with the steady growth in demand across the United States.

However, that is not all. Golden Grail also announced that the product was no available on Amazon Prime and hence, could be delivered directly to consumers. It was back in June last year that the company had completed the acquisition of KOZ Water, which is a PH balanced and premium quality purified water.

It is sold in a non-plastic can with the capacity of 12 ounces. In light of the latest announcement from the company, it will be interesting to see if the Golden Grail stock manages to get any traction or not.

Key Quote

“We believe consumers are increasingly looking to reduce their use of plastic water bottles and KOZ Water offers a plastic free single use option said Steven Hoffman, CEO, Golden Grail. By offering a plastic free option direct to consumers we hope to both reduce plastic pollution and increase revenues.”

Technical Data

GOGY stock is trading above the 20-Day and 50-Day Moving averages of $0.29 and $0.24 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.25.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.