Why Is Golden Grail Technology (OTCMKTS:GOGY) Stock Up 22% In a Month?

November 23, 2022November 23, 2022 Jon Williams $GOGY, $GOGY news, $GOGY stock, $Golden Grail Technology (OTCMKTS:GOGY), $OTCMKTS:GOGY

The beverage sector has managed to grow at a fairly steady clip in recent times and there are many companies from among which investors can choose. One of the companies that investors may look into this morning is Golden Grail Technology (OTCMKTS:GOGY).

Trading Data

On Tuesday, GOGY stock jumped 0.71% to $0.3534 with 42.99K shares, compared to volume of 67.69K shares. The stock moved within a range of $0.3400 – 0.3568 after opening trade at $0.3568.

Golden Grail Technology (OTC: GOGY) grows headquarter location to accommodate growth of team and portfolio of brands

The company in the news yesterday after it made an announcement with regards to the fact that it had expanded its office space so as to make room for its growing team amidst the growth of its range of beverage brands. The Chief Operating Officer of the company Lindsay Esheman spoke about the matter as well. He noted that the company was engaged in creating a strong team of professionals while at the same time it was trying to grow the current brands.

Esheman also stated that Golden Grail was making active efforts for the growth of its portfolio as well. It was also announced yesterday that the company was getting ready to make an announcement with regards to fresh additions to its portfolio at some point in the early days of next month. The company has been working on the expansion of its sustainable water brand KOZ Water and is looking to add a sparkling SKU.

Key Quote

“We are building a strong team dedicated to growth in our existing brands, while continuing to expand our portfolio.” Says Lindsay Esheman, COO of Golden Grail Tech Beverages. “Personally, I am excited about what is coming down the line for Golden Grail. We are quickly and strategically growing our business with new developments on the horizon.”

Technical Data

GOGY stock is trading above the 20-Day and 50-Day Moving averages of $0.33 and $0.29 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.26.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.