Gold and GemStone Mining Inc. (OTCMKTS:GGSM) has announced about acquisition of the luxury vessel Maki. It is a part of their expansion strategy, via acquisitions, to improve service capabilities in the Mentawai Islands.
Market Action
On Friday, GGSM stock gained 5.88% to $0.018 with 7.59 million shares, compared to its average volume of 12.40 million shares. The stock moved within a range of $0.0016 – 0.0018 after opening trade at $0.0017.
Gold and Gemstone Mining, Inc. announces the acquisition of luxury vessel Maki
Gold and GemStone Mining, Inc. is involved in the charter boat business in the Mentawai Islands and Beyond. The Kuda Laut’s charter vessel is a Mentawai Surf Charter vessel to the World-Famous Mentawai Islands. The Kuda Laut has been chartering to the Mentawai, Telos, Nias, and Banyak Islands for more than 25 seasons.
Maki sprawls 105 feet of maximum liveaboard comfort. It has five cabins – 3 of them are luxury suites with a big living room and two dining tables, an open plan kitchen, and a TV, which leads to the external lounge to hang out and watch the surf from a sun deck with 8-day beds.
CEO Rudi Khelces states that they have worked hard to guarantee the ultimate retreat aboard the newest and most luxurious vessels, with high capable guides and crews. As they continue to grow the fleet, the atmosphere of a charter trip with friends in such high-quality waves and the great vessel is just incredible!
Apart from Maki, the company is also considering acquisitions to increase ultimate charter vessels in their fleet and new attractive chartering packages to major islands in the Mentawai Islands.
Key Quote
“We worked hard to provide the ultimate retreat aboard the newest and flashiest vessels with professional guides and crew, delivering the ultimate Mentawai Islands take home memories for a lifetime,” says CEO Rudi Khelces.
Traders Note
GGSM stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0022 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 46.
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