ADM Endeavors Inc (OTCMKTS:ADMQ) Stock Extends Rally: Jumps 27% in a Week
As another trading week comes to a close, investors are going to be looking into stocks which have made significant gains in the past few days and one of the stocks to look into could be that of ADM Endeavors Inc (OTCMKTS:ADMQ).
Market Action
On Thursday, ADMQ stock jumped 10.34% at $0.0790 with more than 417K shares, compared to its average volume of 119k shares. The stock has moved within a range of $0.0702 – 0.0800 after opening the trade at $0.0711.
Announces Continued Record Sales Growth
The stock was in the middle of a strong upward move yesterday and ended the day with gains of 10%. That took its gains over the course of the past week to as much as 27%. On Thursday, the company announced that its fully owned subsidiary company Just Right Products Inc generated substantial sales so far this year and has already managed to beat the sales figures for the entirety of the 12 months of 2020 by as much as $276,020.
At this point in time, the total sales for 2021 stands at $1,419,968 and that is higher than the total sales that had been generated by the company back in the entire 2019 financial year. However, the company was quick to add that the sales that had been generated by Just Right Products for the month of October have not been reviewed yet by a third party. In light of the latest announcement, the ADM stock could be worth tracking.
Key Quote
ADM Endeavors CEO Marc Johnson said, “We have about two months to go to see our complete final number for 2021. Sales continue to be strong. We owe our success to the great team and wonderful customers. 2021 will be the best year in our company history.”
Traders Note
ADMQ stock is trading above the 20-Day and 50-Day Moving averages of $0.0703 and $0.0714 respectively. However, the stock is trading below 200-Day moving average of $0.0799. The stock is up 4% in the past 3-month.
