Alkame Holdings Inc. (OTCMKTS:ALKM) Stock Sees Selling Pressure At a Higher Level
Alkame Holdings Inc. (OTCMKTS:ALKM) fell 14% after the company announced that its West Coast Copacker Inc., the wholly-owned subsidiary has retainer Brand Focus Digital, an eCommerce product management agency.
Market Stats
On Monday, ALKM stock slid 14.30% to $0.0006 with more than 41.44 million shares, compared to its average volume of 33.86 million shares. The stock moved within a range of $0.0006 – 0.0007 after opening trading at $0.0006.
Alkame Retains Ecommerce Brand Management Agency
West Coast Co-Packer is a single serve producer, private label, contract manufacturer, and co-packer that complement Alkame’s other businesses in the specialty organic, natural liquid-based cold and hot fill food and beverage sector.
Brand Focus, situated in Seattle, is a comprehensive Amazon.com Inc. and eCommerce consultancy with a track record of increasing sales and Return on Investment by triple digits. In addition, it has years of cumulative Amazon, eCommerce, and other online marketplace business experience, with former Amazon workers as associates.
Alkame CEO Robert Eakle stated that they are thrilled to be working with e-commerce experts who have extensive grocery and specialized food knowledge. He added that this is a significant step closer to the company’s stated objective of selling Alkame Brand products directly to consumers. Therefore ALKM is worth watching.
Key Quote
“We are very excited about partnering with these e-commerce veterans and their grocery and specialty food experience,” stated Robert Eakle, Alkame CEO. Eakle added, “This is another huge step towards our stated goal of providing the Alkame Brand products direct to consumers.”
Traders Corner
ALKM stock is below the 20-Day and 50-Day Moving averages of $0.0007 and $0.0007 respectively. The stock is trading in the neutral zone with the RSI at 46.
