One of the stocks to have clocked considerable gains over the course of the past few days is the Breezer Ventures Inc (OTCMKTS:BRZV) stock and the trend continued yesterday as it ended the day with gains of 20%.
Market Action
On Thursday, BRZV stock gained 20% to $$0.12 with 3.84 million shares, compared to its average volume of 25K shares. The stock moved within a range of $0.0737 – 0.2300 after opening trade at $0.0900.
Breezer Ventures Inc to Acquire Magnum Finest Spirits Inc.
In this situation, it is also necessary to note that the gains made by the stock yesterday took the cumulative gains over the course of the past week to as much as 33%. Yesterday, the company announced that in accordance with its announcement in September last year, it was going to move ahead with its plans to complete the acquisition of the company Magnum Finest Spirits Inc.
The announcement seemed to have come as a source of significant excitement for investors and as a result, the stock enjoyed a strong rally on Thursday. The excitement is probably understandable considering the fact that Magnum Finest is a distilled spirits and marketing firm that has a track record of producing spirits of high quality for centuries. The acquisition is expected to be a major accomplishment for Breezer Ventures.
At this point in time, it may be a good idea for investors to consider adding the stock to their watch lists.
Key Quote
Freddy Figueroa, Breezer President stated “We have done extensive research into the spirits industry trends, forecasts, and growth segments and enthusiastically agree with Magnum’s direction and focus. We are looking forward to maximizing the potential of their core products, and introducing market disrupting new products in the future.”
Traders Note
BRZV stock is trading above the 10-Day and 20-Day Moving averages of $0.1176 and $0.1149 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 50.
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