Exxe Group Inc (OTCMKTS:AXXA) Stock Jumps After Record Quarterly Results
One of the companies which may come into focus among investors this morning is that of Exxe Group Inc (OTCMKTS:AXXA) after it made a significant new announcement on Thursday. The diversified financial technology firm came into the news cycles yesterday after it announced that its M Meditech Division had managed to generate record breaking quarterly revenues in the fiscal quarter that had ended on September 30, 2022.
Trading Data
On Thursday, AXXA stock gained 4.49% to $0.0093 with more than 2.13 million shares, compared to its average volume of 4 million shares. The stock moved within a range of $0.0088 – 0.0095 after opening trading at $0.0090.
Exxe Group’s M Meditech Division Reports Record Quarterly Results
In addition to that, the EBIT had also broken previous records. The reason why this was an important development was due to the fact that the M Meditech division is one of the core business divisions at Exxe and its strong performance can only be a good thing for the company.
Some of the other business segments which have managed to perform strongly are going to report their financial performances before Exxe announces its quarterly financial results at some point in the middle of November. M Meditech managed to generate revenues of as much as $2173480 for the quarter and that worked out to a significant year on year rise from the $1402034 that it had generated in the prior year period. That represented a rise of as much as 55% year on year.
Technical Data
AXXA stock is trading below the 20-Day and 50-Day Moving averages of $0.0098 and $0.0111 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0177.
