DNA Brands, Inc. (OTCPINK: DNAX) saw its share volume skyrocket on June 19th with 102,004,336 shares exchanging hands, more than four times higher than its three month daily average volume of 22,895,255 shares.
This uptick in volume came after DNA Brands announced yesterday that Kohlfeld Distributing has agreed to distribute DNA's line of products and has placed an opening order for immediate delivery.
"We are excited about the opportunity to introduce DNA in our markets and we look forward to working with their management team," stated Mike Kohlfeld, President of Kohlfeld Companies. "We have a lot of confidence in their management team and their ability to support our sales team. We will service both on premise and off premise with DNA Energy Drinks, DNA Coffee Drinks and DNA Bag n Box." Tim Borgfield, Kohlfeld's non-alcoholic beverage manager added, "I am looking forward to bringing in the DNA family of products and for the opportunity to work with their sales management team. I am excited about the opportunity to build another brand and these products are as good as anything I have ever tasted."
Mel Leiner, President and CEO of DNA Brands, said, "We are happy to be able to announce the addition of Kohlfeld Distributing, a Coors distributor to our growing portfolio of distributors. This relationship could not have come at a more opportune time for us as we continue to reaffirm our commitment to expansion."
DNAX closed the day at $.0043 on June 19th, 43.33% higher than its previous close of $.003.
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Pershing Gold Sees Share Volume Soar
Pershing Gold Corp. (OTCQB: PGLC) saw its share volume soar on June 19th with 1,069,768 shares exchanging hands, more than double its three month daily average volume of 474,410 shares.
With no recent news on the company, one could only speculate why this uptick in volume occurred, but here is what is known about the company:
Pershing Gold is an emerging Nevada gold producer on a fast-track to re-open the Relief Canyon Mine, which includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap leach processing facility. Pershing Gold's landholdings cover over 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.
PGLC closed the day at $.36 on June 19th.
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