Montalvo Spirits, Inc. (OTCMKTS:TQLA) Rises On Good News
Montalvo Spirits, Inc. (OTCMKTS:TQLA)’s stock has had a tough period since the last promotion in the beginning of August. The outcome of the paid campaign was disastrous and the company’s stock has been trying to recover since.
The ticker closed the last session of last week decently and gained some value, while in the same time being traded heavily. It was expected that things might go this way after the bad period the company’s stock had after the end of their promotional campaign, because they are operating an actual business that seems to have an optimistic future.
TQLA isn’t traded heavily traded usually and rarely manages to generate big dollar volume. However, TQLA managed to gain a whopping 30% in Friday’s session and commanded a volume that exceeded 1.1 million shares, generating a trade value of $437 thousand.
This week didn’t start as promising as it was expected, however, as the ticker lost 9% of its value, while in the same time the interest in the stock was lower than that from the end of the past week.
Yesterday’s session, however, begs to differ. After a promising press release TQLA managed to draw back the investor attention that it had in the end of last week. The eyes of every investor started sparkling when they saw the news that TQLA has won 2 gold medals in the 2013 Spirits of Mexico Tasting Competition.
These news managed to push the ticker’s price 13% up and TQLA closed the session with a price of $0.44 per share. The intraday chart was a bit different from the usual ones in the OTC Markets, with most of the trades taking place at around 11:00 AM, when the price peaked at $0.49.
At the end of the day the company’s stock was priced at $0.44 and registered a total of 1.6 million shares that had switcher hands, generating a hefty trade value of $713 thousand. We are expecting a lot of interest in the stock in the recent day’s, relying on the promising press release and the fact that the company has finally started generating revenue.
Having in mind the current situation of the company you might view it as a sure investment, but TQLA is yet to prove itself as being profitable. This is why we advise you to do your due diligence and weigh out the risks before taking any investment decisions.
On the other hand Nutranomics, Inc. (OTCBB:NNRX) are continuing to climb the charts and they seem to be the new big hit in the OTC Markets, commanding great interest. Globalstar, Inc. (OTCMKTS:GSAT), however is barely moving, but is still generating a trade value that is enough to put them in the top of our list.
