Bergio International Inc (OTCMKTS:BRGO) Stock Moves Up After Quarterly Earnings

November 9, 2021November 9, 2021 Pete Matthews Bergio International Inc. (OTCMKTS:BRGO), BRGO, BRGO news, BRGO stock, OTCMKTS:BRGO

Yesterday, Bergio International Inc (OTCMKTS:BRGO) was in focus after the fine and fashion jewellery company announced its financial results for the third fiscal quarter of the year.

Market Stats

On Monday, BRGO stock moved up 3.85% at $0.0054 with more than 30.71 million shares, compared to its average volume of 18.82 million shares. The stock has moved within a range of $0.0050 – 0.0057 after opening the trade at $0.0056.

Earnings Review

As a matter of fact, the market reacted positively as well and the Bergio stock ended the day with gains of as much as 4%. In the third fiscal quarter, Bergio managed to generate gross global sales of as much as $2.175 million and that represented a year on year rise of as much as 1483% from the $137,340 generated in the prior year period.

On the other hand, the gross profit for the quarter came in at $769,169 and that represented a jump of a shade over 605% from the $108,245 in gross profits that had been generated in the third quarter of 2020. In this context, it is also necessary to point out that the Bergio announced that it had brought in sales to the tune of $5,461,676 in global gross sales in 2021 till date.

That compared favourably to the $290,677 in gross sales that it had generated in the entirety of 2020. It works out to a rise of as much as 1779%.

Key Quote

Berge Abajian, CEO of Bergio International Inc., shared, “We’re excited with our Q3 results which indicate the fruitful outcome from executing our core strategic roadmap which involves all areas of the Customer Experience (CX). Although the numbers reflect only partial sales for Gearbubble and our eCommerce platform sales on Amazon, Etsy, and Walmart, they still reveal a potent trajectory of our forecasted goals for this momentous year.

Traders Corner

BRGO stock is trading below the 50-Day and 200-Day Moving averages of $0.0063 and $0.0094 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0058. The stock is up 25% in the past month.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.