Cuba Beverage Co (OTCMKTS:CUBV) Stock Hits New High On Big Volume: More To Come?

July 21, 2021July 30, 2021 Madison Hall Cuba Beverage Co (OTCMKTS:CUBV), CUBV, CUBV news, CUBV stock, OTCMKTS:CUBV

Cuba Beverage Co (OTCMKTS:CUBV) was in special limelight on Tuesday as the stock witnessed a huge rise in price along with massive volume. Moreover, the stock reached to its new high in the previous trading session.

CUBV stock closed higher by a whopping 242% to $0.0089. What is more interesting is that the stock had witnessed its highest one-day volume at least in the past year. Total volume for the session stood at 149.73 million shares, compared to its average volume of 32.61 shares. The stock had started the session with a minor jump and picked up momentum in late afternoon trading as the stock went up as much as 255% to the session high of $0.0092.

So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.

But, one should note that the company does not have any active official website, and one needs to be careful while trading momentum-driven penny stocks. The company had a market capitalization of $10.14 million (based on the closing price on July 20, 2021).

Cuba Beverage Company creates and distributes herbal energy juices to energy beverage market worldwide. It offers CUBA Herbal Energy Juice, a ready-to-drink beverage that offers a healthy and natural alternative to conventional energy drinks. The company is based in San Diego, California.

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.