Faster than you can cook a scrambled egg in the microwave, the penny stock of Global Green Inc. (GOGC) said to hell with being chicken, lets give the people what they want. GOGC stock skyrocketed from 0.013 to as much as a dime, a 669% move, after the Company which deals with preventing salmonella poisoning announced a deal with the the Animal Health Division of Sanofi (NYSE: SNY), Merial. Since the share structure of the Salmogenics creators has remained the same for over a year now, a run to where the shares traded last year when we initiated coverage might e a plausible possibility.
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GOGC Stock Quote
Market Cap: 55.93M
Last: 0.075 ▲ +0.062 (+476.92%)
Dollar Volume: $120,904
Issued and Outstanding: 745,761,432
14-Day Rel Strength: 71.62%
1st Resistance Point: 0.1123
1st Support Level: 0.0253
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The news of Global Green and Sanofi joining forces rocked the OTC on a day when APS shat on it by leaking a rumor that Press Ventures (PVEN) was to be their pick today. Although details of the evaluation agreement between Merial and Global Green are confidential, the Company’s Salmogenics, the only patented salmonella vaccine injected into the egg before the chick is hatched, is sure to be a game-changer of a deal for them.
A year ago, we went over GOGC stock when it came onto the OTCBB market with a bang. Shares shot up to the .60’s before doing a one year version of the electric slide on the charts. Bottoming out last week Friday at 0.008, Dr. Mehran P. Ghazvini, DC, NMD and Dr. Rene M. Reed, DC, NMD, must have felt the timing was perfect for another sneak attack.
The run today is superb, especially for those who were already trading GOGC as it hit bottom last week. While it would be excellent to see Sanofi reciprocate in some way by also announcing some kind of tie to Global Green, one can only hope to get a gap open tomorrow if they bought in at the peak and missed the early run this morning.
About GOGC Stock
Global Green, Inc. is a development stage, green bio-pharmaceutical company committed to identifying technology platforms and commercializing vaccines that contain natural organisms that are not genetically modified, utilizing pharmaceutical standards without the use of mercury.
Last 5 Trading Sessions:
PR announcements like today’s can go either way when it comes to penny stocks. GOGC stock could have a LQMT type run if numbers are thrown out and are significant enough to create a surge. On the other hand, it could come that it’s merely a JVA whereby no money changes hands until some further testing is conducted to prove that the Salmogenics vaccine really works.
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