Why Rosinbomb (OTCMKTS:ROSN) Stock Soared 70% In The Past Month?

If you are currently looking into stocks which may have made big gains over a reasonable period of time then it may be a good time to consider tracking the Rosinbomb (OTCMKTS:ROSN) stock. Over the course of the past month, the stock has managed to go on a major rally and clocked gains of as much as 70% amidst heavy interest.

Market Action

On Tuesday, ROSN stock ended flat at $0.0340 with 16K shares, compared to its average volume of 201K shares. The stock moved within a range of $0.0340 – 0.0340 after opening trade at $0.0340.

About Rosinbomb

Investors who may be interested in the stock need to first know the nature of the company’s operations before making up their minds. The company has been in operation for four years and during the period, it has been involved in the production of ROSINBOMB range of rosin presses as well as accessories which help with organic concentrates extraction.

The company had originally been established as a family firm and has considerable knowledge of the with regards to press technology. The company possesses extensive expertise about the deployment of press technology in the vegetable and fruit juice markets. The presses made by Rosinbomb require the use of no chemicals and helps the company’s customers in producing organic and natural concentrates with ease.

Rosinbomb Announces Granting of New Patents and Upcoming Uplisting with The Stock Day Podcast

As it happens, the company had actually come into focus on Tuesday after Fred Angelopoulos, its Chief Executive Officer, went to The Stock Day Podcast and engaged in a conversation with the host Sever Copley. Presence of popular podcasts can often be a good way for a company to provide a better look into its progress to a large number of listeners.

During the course of the interview, Angelopoulos provided an overview of the company and spoke about its technology at length as well. However, the important takeaway from the chat was the fact that the CEO noted that in the coming couple of weeks it was going to launch a new product. The product in question is ROSINBOMB Crunch and it is going to be a consumer facing product. It would allow a consumers to fashion their own extracts easily and effectively. The product is equipped to apply as much as 5 tons worth of pressure and it is going to be available for a price of $500.

Key Quote

Copley began the interview by asking about the Company’s background and current projects. “Rosinbomb is a technology consumer products company that develops extraction technology and products for botanicals and any kind of organic material,” explained Angelopoulos. “We have been in the industry for about five years, and we have a very unique process in what we do with a focus on solventless extractions.”

Traders Note

ROSN stock is trading above the 10-Day and 20-Day Moving averages of $0.1121 and $0.2425 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 29.

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