Tauriga Sciences (OTCMKTS:TAUG) stock ended higher in the previous trading session after announcing a key development.
Market Reaction
On Friday, TAUG stock gained 8.94% at $0.0360 with more than 860.27K shares, compared to its average volume of 594.46K shares. The stock has moved within a range of $0.0320 – 0.0370 after opening the trade at $0.0336.
Reports Continued Strength
Tauriga Sciences (OTCMKTS:TAUG) makes a major announcement! The New York based diversified Life Sciences Company is having a good year indeed. They have just reported about the continued strength and exponential growth in its highest margin e-commerce business segment.
The pandemic has already caused e-commerce sales to boom, and companies are taking full advantage of this trend. The month of October in 2021, generated strong e-commerce sales for Tauriga. As of November 5, 2021, the company is well on track to smash records when it comes to quarterly e-commerce sales. The current operating quarter is from October 1st– December 31st 2021.
With the holiday season coming up, and loads of holidays on the calendar such as Thanksgiving, Hannukah, Christmas, and New Year’s Eve, the company is working hard to ensure their efforts don’t go in vain. They are diligently toiling to capitalize the last couple of months in 2021. There are some Holiday Special (s), all set to be announced over the course of the upcoming week or so.
However, this isn’t the only development happening at Tauriga Sciences. They have reached crucial levels of progress in regards to several ongoing corporate initiatives. They are also looking to create lasting shareholder value and establish presence as a world-class brand.
Traders Review
TAUG stock is trading below the 200-Day and 50-Day Moving averages of $0.0764 and $0.0385 respectively. However, the stock is trading above the 200-Day moving average of $0.0354. The stock is up 5% over the past week.
