One of our favorite penny stocks since early 2012, Jammin Java Corp. (JAMN), aka Marley Coffee, peaked earlier today, setting a new 52 week high at 0.62. The once extremely touted, toxicly financed shares of JAMN stock became extremely attractive last March when they were trading at around a quarter and even more when they started the year at under a dime. Having been a spotlighted Company last week on almost every single major business channel around the U.S., the coffee doesn’t appear to taste stale, but there is a question as to how strong it can stay at these levels not seen since September, 2011.
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JAMN Stock Quote
Market Cap: 54.63M
Last: 0.59 ▲ +0.08 (+15.69%)
Dollar Volume: $866,017
Issued and Outstanding: 91,821,331
14-Day Rel Strength: 78.92%
14-Day Stochastic: 94.55%
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Setting a new high, it’s pretty obvious to many that JAMN stock is by all means bullish. News of Jammin Java’s entry into places like Winn Dixie, Kroger Stores, and the recent round of interviews Rohan Marley, Chairman of Marley Coffee and son of Rock and Roll Legend Bob Marley, have stirred up JAMN stock to a level not seen in nearly 2 years, gaining over 720% from their January lows.
Last week, Jammin Java reported their Q1 earnings and sales nearly tripled compared to the same period the year prior: from $309,614 in Q1, 2012 to $817,049 for the 3 mnths ended April 30, 2012. Costs to produce such sales was the bull factor in our opinion since it cost the Company $234,533 to sell $309,614 worth of product in Q1 of last year as opposed to $318,161 to sell $817,049 worth of product this Q1.
One group that surely is over the moon about the recent bull run in JAMN stock would have to be TCA Global Credit Master Fund, LP, a Cayman Islands limited partnership. For years, TCA Global has been the main source of financing funds for Jammin Java Corp., as well as a host of other OTC listed stocks which all tend to have similar bull runs from time to time.
Like Marley Coffee’s CEO Brent Toevs said in the most recent PR: “As Marley Coffee continues to gain distribution in major supermarkets throughout the nation, we are positioned to see significant growth in our company” which translates to: JAMN stock is hot for good reasons.
About JAMN Stock
Jammin Java Corp., dba Marley Coffee, provides sustainably grown, ethically farmed and artisan roasted gourmet coffee through multiple U.S. and international distribution channels, using the Marley Coffee brand name.
Last 5 Trading Sessions:
Who thought that JAMN was a thing of the past? This is one penny stock we have grown to love since it bounced off its lows at the end of 2012 and have been big fans of seeing both JAMN stock and Marley Coffee as a company succeed. Continue to monitor the bullish pattern this week and look for a pull back if you aren’t already in this one deep since even higher highs are still expected to come.
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