Shares of Starstream Entertainment Inc (OTCMKTS:SSET) pulled back on Friday on profit booking. The stock has gained 18% over the past month.
Market Reaction
On Friday, SSET stock decreased 5.62% at $0.0235 with more than 268k shares, compared to its average volume of 1.23 million shares. The stock has moved within a range of $0.0217 – 0.0239 after opening trade at $0.0239.
Latest News
Wholly owned subsidiary of Starstream Entertainment Inc (OTCMKTS:SSET), Facetime Consulting and Promotions, provider of event staffing and on-demand promotional marketing, announced that Facetime has achieved milestone of invoicing clients of more than a million dollars during the 2021 fiscal year.
Carla Rissell, President of SSET said that Facetime has hit over a million dollar mark in the year and October was a great month for the company. Rissell added that it finished more than 700 events during October and November and two months still remain. The firm achieved record-breaking month of October 2021 surpassing corporate revenue from October 2020 by over 350%.
Facetime Consulting and Promotions also announced completing more than 250 events during the first twelve days of October 2021. The firm had done total of 609 promotional events in September and this represents 247% increase over the previous year’s numbers.
The October events have witnessed demand for Facetime to give a complete package of services including its new Point-of-Sale solutions as well as uniform design and production.
Carla Rissell, President of SSET, said that the company is witnessing a surge in business as people wish to be active and do things outside home. Rissell added that attended has not just increased but October has become the biggest month in corporate history.
Key Quote
Carla Rissell, President of SSET, proudly commented: “Facetime has successfully hit the million dollar billing mark in 2021! October was a banner month for Facetime and business continues to be strong in the four-state area we currently service. Facetime successfully completed over 700 events during the month of October and November has started out very strong as well. Through the end of October, Facetime has done over one million dollars in business during 2021 and we still have two more months to go yet. Investors should take note that holidays are the times when we shine the brightest and with Thanksgiving and Christmas celebrations on the horizon, I believe business will remain at peak levels for the rest of the year.”
Traders Review
SSET stock is trading below the 20-Day and 50-Day Moving averages of $0.0244 and $0.0251 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0611. The stock is down 44% over the past 6-month
