There may not have been any news at all about TX Holdings Inc (OTCMKTS:TXHG) for many months now but the company’s stock has been in the middle of a remarkable run in recent days. The trend continued on Tuesday as investors continued to pile on to the stock and sent it soaring by as much as 71%.
Yesterday’s rally took the gains made by the TX Holdings stock to a staggering 150% over the course of the past week. In light of such gains, it might be the right time for many investors to perhaps start tracking the TX Holdings stock.
The last notable news that had emerged about the company was back in February this year when the company announced its financial results for the first fiscal quarter of 2021. The company reported annual revenues of as much as $882,386 in the first quarter and that worked out to a rise of as much as 50% year on year.
On the other hand, the net income for the first quarter came in at $75,189 and that reflected a rise of income to the tune of $133534 for TX Holdings. It should be noted that in the prior year period, the company had actually made a net loss of $58,345.