Golden Star Enterprises Ltd (OTCMKTS:GSPT) Stock Gains Momentum: But Why?

Golden Star Enterprises Ltd (OTCMKTS:GSPT), which is more popularly known as Super Fresh Foods, was in focus on Wednesday after it came up with an announcement about a new contract.

Market Action

On Wednesday, GSPT stock soared 6.25% to $0.0170 with more than 9.10K shares, compared to its average volume of 126.35K shares. The stock moved within a range of $0.0170 – 0.0170 after opening trade at $0.0170.

The company announced that it had inked a production contract with the firm Eat Real Meals Inc by way of which Golden Star Enterprises would be the exclusive manager of all meal productions of the client. Eat Real is involved in providing frozen fully prepared entrees like Chicken Hot Pies, Lasagnes and other similar dishes prepared with organic and local ingredients. The meals are perfect for those who may need a home cooked meal when they are short on time. The food times can be unpacked, heated and then eaten.

The products are shipped by Eat Real Meals throughout the extent of the Greater Vancouver Regional District and hence, the foot print is considerable. Benny Doro, who is the Chief Executive Officer of Eat Real spoke about the rationale behind the move. He noted that one of the major advantages of recruiting a meal production and delivery company was the fact that it allowed for much greater convenience to Eat Real.

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