Ahead of today’s trading, it is important to look into those stocks that made strong gains yesterday, and one that could be worth watching is the Alliance Creative Group Inc. (OTC:ACGX) stock. Following a significant development yesterday, the stock climbed 40% amidst heavy interest.
Financial Results
The company came into focus yesterday after it announced its financial results for the fiscal quarter that ended on September 30, 2024. Alliance Creative Group posted revenues of $102,990 for the quarter, and the gross profits for the period were also $102,990. The net income for the quarter stood at $44,912. At the end of the quarter, the company reported total assets of $4,453,643 on the balance sheet.
Further Information
In the news release yesterday, Alliance Creative Group also announced that the total outstanding shares at the end of the quarter were 4,454,211. Out of those 2,788,023 shares in the end, and that was equal to the figure at the end of the previous quarter. The company also reported a cash balance of $88,220 as of September 30, 2024.
It was also noted that the entirety of the financial statements had also been posted on the OTC Markets website under the company’s stock symbol. It may be a good time to keep an eye on the Alliance Creative Group stock.
Key Quote
Paul Sorkin, CEO of the Alliance Creative Group, Inc., said, “We continue to look for future opportunities; however, nothing has been a good fit yet. Our goal is to reduce the price significantly with the 1324 W. Devon Ave. property so we can sell it before the end of the year and increase our search for the next opportunity. Our shares of www.PeopleVine.com continue to be by far our strongest investment, and the conversations with the growth capital investment groups have been a very positive experience with lots of interest. Our goal is to convert between 20% and 30% of the PeopleVine investment into cash in 2025 so we can use a lot of it to invest in future projects while we let the majority of the shares hopefully continue to increase in value.
