Green Globe International Inc (OTCMKTS:GGII), which is involved in making herb and hemp based cigarettes, has seen its stock decline by as much as 25% over the course of the week so far.
However, it is also important to note that on Wednesday, the company actually announced that it bagged the single biggest order in its history. The order has been placed by Ace & Axle, a hemp cigarette brand, for as many as 250000 packs of twenty CBD based hemp cigarettes.
In this regard, it is necessary to note that Green Globe is now controlled by Hempacco, which has been working with Ace & Axle for more than a year now. Over the course of the past year, the two had been collaborating on the development as well as marketing of CBD hemp cigarettes across the United States and in the rest of the world. In light of this development, it is now going to be interesting to see if the Green Globe stock can manage to recover today.
Market Reaction:
On Wednesday, GGII stock went down by 11.38% to $0.0148 with more than 92.57 million shares, compared to its average volume of 214.62 shares. The stock has moved within a range of $0.0139 – 0.0173 after opening the trade at $0.0170.
Moving Averages
| +/- EMA(20) | 0.0344 (-56.98%) |
| +/- SMA(50) | 0.0368 (-59.78%) |
| +/- SMA(200) | 0.0095 (+55.79%) |
Key performances
| 5-DAY PERF. | -46.38% |
| 1-MONTH PERF. | -85.92% |
| 3-MONTH PERF. | +1245.45% |
| 6-MONTH PERF. | +7300.00% |
| YTD PERF. | +4833.33% |
| 1-YEAR PERF. | +14700.00% |
 Stock Continues to Correct from The Peak){kind=link}