Topic: How To Invest

Q: Pat: A stock that is of interest to me is one that trades over the counter: Pura Naturals, PNAT.

Article Excerpt

A: Pura Naturals, $2.12, symbol PNAT on the U.S. over-the-counter bulletin board (Shares outstanding: 33.4 million; Market cap: $70.8 million; www.puranaturalproducts.com) makes and markets a range of household-cleaning and personal-care sponges that come presoaked in a natural soap solution that absorbs grease and grime without use of chemicals. The company’s environmentally friendly products also aim to repel water and inhibit bacterial growth and odors. In November 2016, the company changed its name from Yummy Flies, Inc. Pura still produces and distributes fishing flies and other fishing supplies, along with fly-tying instructional DVDs. However, it looks like the company is now focused on its cleaning products. Pura has issued press releases saying those products are now in select Target, Whole Foods Market, and Bed Bath & Beyond stores as well as Meijer supermarkets. The stock began trading in November 2016 as Pura Naturals at around $1.50, and quickly jumped to as high as $3.70. It has since moved down to the current price. In the…