November 19, 2017 – By Ellis Scott
The stock price of Kona Gold Solutions Inc. Comm (OTCMKTS:KGKG) recorded $0.0005 in recent trading, touching $0.0073 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, Kona Gold Solutions Inc. Comm’s stock was big mover. According to the short interest report published recently, (KGKG) had 121,300 shorted shares for 0.1 days to cover. The prior short interest was also unknown for a $N/A change. The 52-Week High and Low are noted here. -75.67 % (High), Infinity, (Low). The stock had 2.02 million average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More notable recent Kona Gold Solutions Inc (OTCMKTS:KGKG) news were published by: Globenewswire.com which released: “Kona Gold Solutions, Inc. Increases Revenue Over 62% from Previous Quarter” on November 14, 2017, also Globenewswire.com with their article: “Kona Gold Solutions, Inc. Hemp Ramps up Production on its Hemp Infused Energy …” published on September 27, 2017, Globenewswire.com published: “Kona Gold Solutions, Inc. Hemp Infused Energy Drinks Now Available at Lucky’s …” on September 25, 2017. More interesting news about Kona Gold Solutions Inc (OTCMKTS:KGKG) were released by: Globenewswire.com and their article: “Kona Gold Solutions, Inc. Becomes Vendor of Elliott’s Natural Foods in California” published on July 18, 2017 as well as Globenewswire.com‘s news article titled: “Kona Gold Solutions, Inc. To Distribute Stock Dividend From Sale of Elev8 Hemp …” with publication date: February 22, 2017.
Kona Gold Solutions, Inc., formerly Union Equity, Inc., is a lifestyle hemp company. The company has market cap of $14,200. The Firm intends to develop, design and market products in the energy drink, energy shot, energy patch and apparel markets. It currently has negative earnings. The Firm is in the process of developing a hemp infused product line.
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