New York, NY – July 25, 2016 – Wall Street Corner Report today highlighted the as of yet unrecognized potential of Puration, Inc. (PURA) and the Stock Technical Analysis report that recent trading activity is signaling Very Bullish.
Trading volume in the stock of PURA is picking up. The PPS recently experienced a substantial increase with a moderate pullback to support. The trading activity has demonstrated strong support at the $0.05 to $0.06 level. The most recent Candle Stick formation is homing pigeon. Overall, the signals on PURA indicate Very Bullish.
PURA has been quietly developing proprietary cannabis extraction processes over the past year and over the past two weeks coming public with its plans to monetize the process with $3 million in revenue over the next 12 months.
Over the past 2 weeks, the Company’s trading volume has substantially exceeded the cumulative trading volume over the past 2 years. The PPS jumped from $0.03 to a high of almost $0.09 and has since traded just shy of $0.06.
The Company’s issued and outstanding is only 50 million shares. With such a small number of shares, the PPS increase potential is significant.
The Wall Street Corner Report considers PURA comparable to an earlier version of GW Pharmaceuticals (GWPH) in that both are developing commercial applications of cannabis extracts.
Wall Street Corner Report anticipates PURA to experience an ‘accumulation phase’ with the shareholder base expanding and diversifying. As the Company’s news becomes more disseminated throughout the market, Wall Street Corner Report anticipates a rapid PPS increase to as high as $1.00.
GWPH has a market cap of $2B - approximately 33 times revenue. The majority of revenue is non-cash consideration while the company is still largely in a research phase. If PURA were to achieve a valuation at only 15 times its forecasted $3 million revenue, the PPS would be $0.90.
Learn more about Puration Inc., on the Company’s website:
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.