The Aristocrat Group Corp (OTCMKTS:ASCC) emerged as one of the biggest gainer in the market yesterday after the stock soared by as much as 552% after a key announcement from the company. The company, which is best known for manufacturing RWB Vodka, announced yesterday that it has successfully completed the independent primary financials.
It is a major development for the company and that became even more apparent when investors piled on to the stock in a big way yesterday to send it soaring. Derek Sisson, who is the Chief Executive Officer and President of the company, spoke about the development as well.
He stated that with the completion of the independent primary financials, Aristocrat Group Corp is now in a position to move forward with its business goals. He added that the company could also be looking to add new spirit brands to its portfolio of offerings.
The main product of the company, RWB Vodka, is made entirely in the United States and the grains are also sources from the United States. Sisson stressed the fact that Aristocrat Group Corp is an American company and it is proud at the fact that it produces spirits that are meant for consumption by Americans.
Market Reaction:
On Tuesday, ASCC stock skyrocketed 552% at $0.2350 with more than 7.40 million shares, compared to its average volume of 130k shares. The stock had moved within a range of $0.0351 – 0.3700 after opening the trade at $0.0351. Over the past 52-week, the stock has been trading within a range of $0.0061 – 0.3700.
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