A Florida-based micro cap is seeing its shares bid up this morning following an announcement that the company will now have the exclusive rights to manufacture, market and sell Spider Energy Products in the Caribbean and Central America. Shares of Golden Grail Technology (OTCPK:GOGY), a distributor of Spider Energy Products appear to be in high demand during premarket.
Golden Grail Technology Corp owns a proprietary database consisting of contact information for past customers. It intends to utilize this database to provide data management and data sales to complementing businesses that can use the data to cross-sell their products.
Traders appear to be bullish on the news as shares are bid up at $0.0175/share (+13.64% implied open for sellers) as we head into the final 15 minutes of premarket. This indication does need to be taken with a grain of salt due to the illiquid nature of this stock, however.
