Shares of Endexx Corporation (OTCMKTS:EDXC) have been consolidating over the past few trading sessions.
Market Reaction
On Wednesday, ADMQ stock ended flat at $0.0700 with more than 171k shares, compared to its average volume of 141k shares. The stock has moved within a range of $0.0700 – 0.0785 after opening the trade at $0.0705.
Recent Development
FW Promo, the wholly owned subsidiary of Adm Endeavors Inc (OTCMKTS:ADMQ), designed and produced holiday products exclusively for Preston. The items were delivered without any interruption due to supply chain crisis. Some of the products included Hoodie, Play Pack, Tee, Calendar, Headphones, Mouse, Cape amongst others.
FW Promo expressed contentment on being a partner for the products in Preston’s Fire Merch line. The fresh content and product facilitates in bringing consistent growth to Gamer and youtubers revenue stream.
Selling under “Anything With A Logo” on its website,it has products ranging from unique business cards to T-shirts as well as boots.
ADM Endeavors, Inc announced continued growth in profits and revenues for quarter three of 2021. The company witnessed a steep rise in School Uniform Sales surging by 188.8%. It also confirmed on promotional sales rising by 13.06% while the marketing expenses also skyrocketed by 31.42%. ADM’s total operating expenses rose by 24.8% while its administrative expenses plummeted by 50.64%. While the total revenue for quarter three of 2021 was $2,479,751, up by 55%, its Net Profits was $593,494, up by 2850.65%.
ADM Endeavors CEO Marc Johnson said that the quarter demonstrates to the investors on what the company is doing and the reduction in administrative expenses by 50% is a rarity as compared to other OTC companies.
Traders Review
ADMQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0732 and $0.719 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0793. The stock is down 10% over the past 3-month.
