Fundamental insights into some of the smaller companies we cover trading OTC are crucial into understanding the risks (as well as potential rewards) about the corresponding stocks some of us hold in our portfolios. At times you can get a fundamental update through those partnered with a company, which is exactly what happened when ReelTime Media provided a bullish revenue update in conjunction with its technology and software license and development agreement with Baristas Coffee Company Inc. (OTCPK:BCCI) called ‘Munchie Magic.’ Though the update was for ReelTime, investors and traders alike were bullish BCCI on the news as shares rallied.
Baristas Coffee is a United States-based company. It manufactures and sells coffee related products under the Baristas brand. Also, the company sells CBD infused coffee under the EnrichaRoast CBD brand, and it also markets other coffee-related products. The company’s products include Baristas White Coffee and Baristas CBD Coffee.
Traders were optimistic on the news as shares climbed up to a session high of $0.0235/share (+7.06%) late in the session. This move could be an indication of things to come as the price attempts to breakout of the multi-month trading range it has been corralled by.