Youngevity International (OTCMKTS:YGYI) Stock Rockets 155% In a Week: What’s The Buzz?

Shares of Youngevity International (OTCMKTS:YGYI) have been trending higher over the past week, extending its weekly gains to 155%.

Market Action

On Tuesday, YGYI stock gained 3.10% at $0.1030 with more than 3K, compared to its average volume of 13K shares. The stock has moved within a range of $0.4400 – 0.5065 after opening the trade at $0.4828.

Latest News

Multi-channel lifestyle company functional in three business segments, Youngevity International (OTCMKTS:YGYI), on November 9, 2021, confirmed on completing restatement of previous quarterly financial statements for the year ending December 31, 2019.

Youngevity International is engaged in the commercial coffee enterprise, commercial hemp enterprise, and direct marketing enterprise.

Steve Wallach, Chairman, and CEO of Youngevity International said that the company is glad on finishing its quarterly 2019 restatements and can move ahead in a quick manner for completing the 2020 financial statements.

Wallach added that finishing of 2020 Annual Report on Form 10-K and ensuring sound financial reporting is a key priority for the company.

Bill Thompson, CFO of Youngevity International said that finishing of quarterly restatements for 2019 is a vital step towards bringing the financial reporting in line.

Thompson added that the firm has commenced work on audit for fiscal 2020 and anticipates finishing the 2020 10-K during quarter four of the year and the firm will be focusing on Quarterly Reports on Form 10-Qs for 2021.

Youngevity International also announced the declaration of regular monthly dividend of $0.203125 per share of the 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock for Nov, Oct, and December 2021.  The dividend would be payable in mid-November, December, and January 2022, which would be paid in cash.

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