Green Innovations Ltd. (OTC:GNIN) has shown strong bullish move in last months. The stock price reached its highs of $3 per share in the month of February while it has found strong support around the levels of $0.38 per share.
GNIN has shown momentum in result of heavy promotional campaign by Brighton Markets also known as World Street Fundamentals who manage their campaigns through several websites and have also been behind successful promotional campaigns of IDNG and PUNL.
Brighton Markets maintains a repute of creating explosive momentum in the stock prices and leave enough margins for their investors to make safe and lucrative exit. Traders who made the bet on GNIN along with Brighton Markets have made substantial profits.
Green Innovations Ltd mainly operates through its fully owned subsidiary Green Hygienics Inc and is involved in distribution of American Hygienics Corporation's 100 percent tree free bamboo based product line. The respective product line includes items related to personal care and paper based goods.
The company's positive point is that it also plans to introduce tree-free diaper which has been developed from highly sustainable and environment friendly bamboo base resources. Usually, diapers are manufactured from wood pulp, petroleum based products and different chemicals.
According to one estimate, almost 27 billion disposable diapers are consumed each year which results into 3.5 million tons of waste. This waster requires hundreds of years to decompose on the other hand GNIN's developed diaper is extremely eco-friendly which is highly renewable by harvesting its again in just after few years.
Though the company targets a market with high potential growth, still the weak fundamentals do not justify its recent price gains. In the Long term GNIN is expected to remain bearish.
For more information and insights on Green Innovations Ltd, please click here: GNIN
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.