Leading provider of high-end luxury goods, SFLMaven Corp (OTCMKTS:SFLM) on March 29, 2022 announced unaudited performance results for week ending March 24, 2022. The firm witnessed total sales of $283k for seven days. While March 24 Nigh Auction sales were over 258k, it set a monthly record for March.
Market Reaction
On Tuesday, SFLM stock ended flat at $0.0010 with 31.33 million shares, compared to its average volume of 28.13 million shares. The stock moved within a range of $0.0009 – 0.0011 after opening trade at $0.0011.
The “Famous Thursday Night Auction” event was highlighted through sales of exquisite Heavy Platinum 6.25CTW VS1/F diamond cluster floral ribbon brooch for about $4,750. The same night also saw sale of heavy 14k yellow gold 10.29ct diamond line tennis bracelet for $5,600.
Joseph Ladin, CEO of SFLMaven said that the March month is definitely the best for the company. Ladin added that the demand is witnessing a surge in core business and the 2022 is the breakout year with traffic growing to new levels with both growing repeat and new customers. Ladin further said that it is an exciting time for the firm as it has closed in on launch of its digital wearables metaverse presence. The CEO confirmed that the next auction will close the month and the coming should also be exceptional.
Famous for the Thursday Night Auction events, the company has witnessed sales of over $140 million since inception, earning over 100k positive reviews during the time.
Key Quote
“March is almost certainly going to go down as our best month ever,” stated Joseph Ladin, CEO of SFLMaven. “Demand continues to grow in the core business, and 2022 continues to size up as a breakout year with traffic and sales building to new levels as part of a steady trend that includes growing numbers of both new and repeat customers. It’s an exciting time for SFLMaven, especially as we close in on the launch of our digital wearables metaverse presence. Our next auction will close out the month on Thursday, and we have an exceptional line up of exquisite items set for auction. It should be another great week!”
Traders Review
SFLM stock is trading below the 20-Day and 50-Day Moving averages of $0.0012 and $0.0014 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0030.
