Golden Grail Technology (OTCMKTS:GOGY) owns a portfolio of beverages and is growing pretty fast at this point in time, however, on Tuesday, the company’s stock was trading within a range. The company is looking to grow its portfolio of beverages through sensible investments and yesterday, it made another major announcement that investors could do well to look into.
Market Action
On Tuesday, GOGY stock gained 0.50% to $0.19 with 8.7K shares, compared to its average volume of 137K shares. The stock moved within a range of $0.1800 – 0.1900 after opening trade at $0.18.
Golden Grail Tech Beverages Announces Tickle Water’s Sketch Can is in Production
The company announced yesterday that it had started producing all the four flavors of the Sketch Can brand by Tickle Water. The four flavors in question that it had started producing include Orange, Green Apple, Watermelon, and Grape.
Sketch Can is a brand that the company released recently after it had completed the acquisition of Tickle Water. Tickle Water, which is well known for being a kids’ brand, had been the original owner of the brand. The brand had been designed to appeal to the tween market, which is the age group between 8 years and 14 years.
Moreover, the product is going to be made available in an interactive label. As the brand name suggests, kids are going to be able to ‘sketch’ on the label of the cans. It may be a good time to keep an eye on the Golden Grail stock.
Key Quote
“We are launching the first ever Sketch Can at the perfect time. Summer time is when kids are off from school and readily available to discover new products to call their own and then share their new finding when school starts in the fall. We will be working directly with Tweens to market and promote Sketch Can. The launch will include a dedicated TikTok and Snap Chat channel featuring tweens and grass roots initiatives with the tween market. All initiatives will have a common mission of spreading individuality via their own can design, promoting positive vibes, kindness to others, healthy choices and sense of community. We expect the strategic marketing plan will create an authentic and organic ground swell, and generate a viral spread of Sketch Can with the right demographic and most importantly, with healthy and appropriate messages,” said Erin Heit, Chief Marketing Consultant, Golden Grail Tech Beverages.
Traders Note
GOGY stock is trading below the 20-Day and 50-Day Moving averages of $0.20 and $0.27. Moreover, the stock is trading is the neutral zone with RSI stands at 43.
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