Bergio International Inc. (OTCMKTS:BRGO) Stock Falls in a Week: What’s The Buzz?
Bergio International Inc. (OTCMKTS:BRGO) is down 7% in a week. The company announced that its rapidly growing demi-fine jewelry and fashion brand has launched in Etsy.
Market Stats
On Monday, BRGO stock remains unchanged at $0.0055 with more than 20.09 million shares, compared to its average volume of 18.08 million shares. The stock has moved within a range of $0.0054 – 0.0060 after opening the trade at $0.0057.
Announces Successful Launch on Etsy
Etsy’s income has surged by five times with a solid profit margin, making it one of their quickest forays into an eCommerce platform. The platform’s percentage of store sales has increased by 18 times in a short period of time. Aphrodite’s special custom-designed pieces, produced by third-generation talented artisans, are a wonderful fit for Etsy, the international platform for hand-made or antique products. The direct-to-consumer (DTC) company is effectively tapping into the platform’s 81 million clients in 234 markets, resulting in approximately $1.7 billion in sales.
Aphrodite President Jonathan Foltz said that “personalized gift” is one of the most sought-after products on Etsy, and jewelry is the third most popular group. Foltz said that they are targeting Etsy customers searching for personalized items to gift themselves or their loved ones. So, in the coming weeks, BRGO is worth watching.
Key Quote
Jonathan Foltz, President of Aphrodite’s shared, “‘Personalized gift’ is the most searched item on Etsy with jewelry being the 3rd most popular category. We want to go after the Etsy customer who is looking for custom products to gift to loved ones or to themselves – gifts for all Goddesses in their life. Our products are everyday essentials for the everyday woman to remind her that she is beautiful, loved, strong and capably of achieving anything. We are one of the key leaders in this niche, this is our unique selling proposition and competitive advantage. Aphrodite’s will sell unique personalized jewelry gift sets that include custom-crafted inspirational message cards and luxe boxes to fulfil market demand during the holidays and every day.”
Traders Corner
BRGO stock is trading below the 20-Day and 50-Day Moving averages of $0.0061 and $0.0064 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0095. The stock is down 21% in the past month.
