Coffee Holding Up Another 25% Today

Coffee Holding Co., Inc. JVA is up another 25% today, tacking on to yesterday's 45% gain. The reason for the tremendous move is the company's low float, small market cap, and relative obscurity by analysts. After the company reported strong earnings yesterday, reporting 22 cents per share on $37 million in revenues, traders and investors were alerted to the name. Yesterday, the company had a near $40 million market cap. Today, the company's market cap is around $80 million.