Shares in Cuba Beverage Co. (OTC PINK: CUBV) stock saw some heavy volume trading and a boost to its price after announcing a distribution agreement. CUBV stock traded as high as 0.20 on volume of over 777 thousand before closing the trading session up 22% at 0.183. A manufacturer and innovator of a line of herbal, all-natural energy beverages, the Company developed CUBA Herbal Energy Juice, the first ready-to-drink beverage by CUBV that offers a healthy, natural alternative to conventional energy drinks.
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CUBV Stock Chart:
Prior to the market open, Cuba Beverage Co. announced a distribution agreement with Hom’s Enterprise to bring the Company’s line of CUBA Herbal Energy Juice to China. The distributor forecasts that as many as 20,000 cases of Cuba Beverage Co. products will be sold in Mainland China in 2012, approximately $360,000 in sales.
Recent surveys estimate that 7 out of 10 Chinese consumers try to avoid drinks with artificial ingredients. Furthermore, an estimated 75% prefer to purchase drinks with natural ingredients. CUBV‘s CEO, Alex Procopio, stated that the Company’s products fill the gap that “big cola” manufacturers leave in the marketplace. With the ban on many international energy drink manufacturers with harmful additives, Hom’s Enterprise’s strong credentials and distribution presence in China provides the Company with first-mover advantage to meet the emerging trends of a more health-conscious Chinese consumer.
Bottom Line: CUBV should be on the list of penny stocks to watch for the remainder of this week for volume spikes. With the massive volume CUBV stock had on Monday’s trading session, expect to see shareholders looking for exit points which could make buying the penny stock at these levels better left for long-term investors.
Note: $10,000 in 1995 invested in Monster Beverage Corp. (Nasdaq: MNST) would be worth roughly $1.5 million today.
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