Green Globe International (GGII) Stock Makes a Strong Come back: What’s Next?
If there is one stock that has attracted the attention of investors due to the enormous gains that it has clocked this year so far then it is the Green Globe International (OTCMKTS:GGII) stock.
The Green Globe stock is up by a staggering 29733.33% this year and over the course of the past month alone, it has gone up by 3342.31%. The rally in the stock found new steam on Tuesday and went up once against by as much as 54%. Considering the sort of gains made by the stock, it could be a good move from investors to take a bigger interest in the company.
The company is involved in the marijuana space and is looking to disrupt the tobacco industry. Green Globe is looking to disrupt the multibillion dollar tobacco industry through the introduction of products like herb cigarettes, CBD cigarettes, hemp cigarettes and others. One of the biggest reasons behind the rally in the stock in recent days came about after the company announced that its control has now passed on to The Hempacco Co Inc. Last month Green Globe announced that this was accomplished through the sales of 100 Series A Preferred shares to Hempacco in a private sale back in March.
Once the control of the company passed on to Hempacco, a new board of directors was also installed. The new board is being led by the Chief Executive Officer of Hempacco, Sandro Piancone. In addition to that, it is important to note that Green Globe also applied to the OTC Markets Group for access to the disclosure and information systems. The company is looking to submit any missing reports and also provide information with regards to the new ownership group. The frenetic trading in the stock took off after the announcement and it is now going to be interesting to see if the stock can continue to gain for the rest of this month.
Nsav Holding (NSAV) Stock Resumes Another Round of Rally
The cryptocurrency market might be going through a tough time at this point but the popularity of the industry remains high and hence, there is a lot of interest in companies which are involved in that space. One such company is the United Kingdom based firm Nsav Holding Inc (OTCMKTS:NSAV).
Net Savings is involved in both cryptocurrencies and blockchain and is broadly described as a digital asset technology firm. The Net Savings stock rallied strongly on Tuesday and went up by as much as 60% despite there being no fresh news about the company. However, the rally might be linked to a major announcement from the company last week.
Last week, Net Savings announced that VirtualBroker, a company that it owns, launched its Cryptocurrency Price Search feature. It has been claimed to be a revolutionary feature and is supposed to be one of the most important constituents of the advanced automated non-custodial trading platform.
The particulars of the feature are compelling. The feature offers an interface by way of which VirtualBroker customers will be able to take a look at a range of exchanges and then choose to connect it to their dashboards. Once it is connected, users can easily see the real time price action in cryptocurrencies.
In this regard, it is also necessary to point out the importance of the proprietary High Performance Computing feature from VirtualBroker. This system helps in real time transactions with all the exchanges that have been connected by the user. In addition to that, there is no time lag either.
In this way, it is possible for users to get the best prices after having a look at a large number of exchanges. It seems the market is optimistic about the future of this feature as well considering the latest rally in the stock. Investors could consider keeping an eye on the Net Savings stock this week.