An Arizona-based micro cap just announced that it entered into a contract to supply Aladyn, Inc. with Personal Protection Equipment (PPE). The intended order size is expected to double every 10 weeks to a target $1 million in total purchases within the first year. This news sent shares of Alkame Holdings, Inc. (OTCPK:ALKM) soaring.
Alkame is a United States-based company engaged in the sale and distribution of the Alkame brand of bottled waters, as well as other various applications for water treatment technology. The product line offered by the company includes a pack of a half litre, kids gallon, premium gallon, kids four litres and premium four-litre pack.
Traders were bullish on the news as shares climbed up to an early session high of $0.0026/share (+18.18%) following the news. This move could be an indication of things to come as it’s the first sign of life since the stock has been stuck in a multi-month trading range.