Bergio International (OTCMKTS:BRGO) Stock Continues to Trade in a Narrow Range
Bergio International (OTCMKTS:BRGO) is moving in a range after the US holding corporation and a top player in the eCommerce and tech sectors, specializing in fashion and fine jewelry, announced that 3A Capital and JP Carey Enterprises Inc. have been paid in full.
Market Stats
On Tuesday, BRGO stock ended flat at $0.0014 with more than 104.89 million shares, compared to its average volume of 72.06 million shares. The stock moved within a range of $0.0013 – 0.0016 after opening trading at $0.0015.
Bergio International Reports JP Carey Enterprises, Inc.’s and 3A Capital Establishment’s Notes Have Been Fully Paid
The company’s brand portfolio was enlarged, its direct-to-consumer (D2C) skills were strengthened, and it gained global exposure thanks to both firms’ contributions. Bergio’s balance sheet and shareholder equity have significantly improved now that all three firms that originally sponsored this expansion have been fully compensated.
The payment of the notes occurs as the company maintains its excellent run of profitability from 2021 to 2022, posting quarterly revenue growth every week. In addition, the company’s growth strategy into new countries and platforms, along with the impending Mother’s Day, the second-biggest global event of the year, will help the company generate massive sales. So, in the coming weeks, investors should keep an eye on BRGO.
Key Quote
Berge Abajian, CEO of Bergio International stated, “Now that all 3 notes have been fully paid, dilution will decrease drastically which should positively reflect on the stock price going forward. All the successful results from last year’s financial decisions are reflected on our top and bottom line as mentioned in our previous press release. Every money raised was used strictly for the acquisition and working capital for Aphrodite’s and Gearbubble.”
Traders Corner
GMEV stock is trading below the 50-Day and 200-Day Moving averages of $0.0005 and $0.0011 respectively. However, the stock is trading above the 20-Day moving average of $0.0003.
