ADM Endeavours Inc. (OTCMKTS:ADMQ) Stock Continues to Trade Lower: But Why?

ADM Endeavours Inc. (OTCMKTS:ADMQ) stock fell 9% on Tuesday. The company announced that its revenue continues to grow for the first nine months of 2021 relative to the same period a year ago.

Market Stats

On Tuesday, ADMQ stock slid 9.37% at $0.0789 with more than 461.60K shares, compared to its average volume of 142.57K shares. The stock has moved within a range of $0.0651 – 0.0905 after opening the trade at $0.0852.

Announces Record Revenue

In addition, ADM Endeavors CEO Marc Johnson stated that results for the period were better than anticipated. He explained that the comparisons indicate how great the company’s team has been, and they are proud to achieve such an important milestone.

Since 2010, the company’s wholly-owned business, Just Right Products Inc., has consistently grown its sales, and in the past 12 months, sales topped $5.6 million. Notably, ADM Endeavours sells “Anything With A Logo” on www.JustRIghtPordcuts.com. In addition, it designs products that range from coffee cups to exclusive business cards, boots to T-shirts, and many more unique products to select from.

Also, Just Right runs an assorted vertical integrated enterprise in Dallas comprising screen print production, retail sales segment, import wholesale tracking, uniforms digital, and embroidery production. Therefore, in the coming weeks, ADMQ is worth watching.

Key Quote

ADM Endeavors CEO Marc Johnson said, “The results are better than we expected. These comparisons show how great our team is. I am very proud of what we are accomplishing here at ADMQ.”

Traders Corner

ADMQ  stock is trading above the 20-Day and 50-Day Moving averages of $0.0734 and $0.0718 respectively. However, the stock is trading below the 200-Day moving average of $0.0798. The stock is up 11% in the past month.