Herborium Group Inc. (OTCMKTS:HBRM) jumped 14% after announcing that its Q2 is marked by no share structure dilution and represents its fifth consecutive quarter since 2020 that it has been profitable.
Additionally, Herborium’s margin was up 66%, with costs and expenses dropping 12% compared to the same period a year ago. To enhance more growth, the company is currently working in various corporate governance aspects that will benefit investors and the company as well.
To begin with, the company is working to return to the highest OTC tier of Pink Current and maintaining the status. Herborium equally confirmed that it had made considerable progress towards launching its new, innovative Herborium Skin Protein Bar, which incorporates benefits of healthy, youthful, and clear skin with substantial weight management. The Skin Protein Bar will enter the market in Q4. The protein bar market is likely to hit $7.03 billion by 2027, and with no novel protein bar in the market currently, HBRM is worth watching in the coming months.
Market Reaction:
On Friday, HBRM stock went up 14.30% at $0.0008 with more than 1.06 billion shares, compared to its average volume of 126.46 million shares. The stock has moved within a range of $0.0008 – 0.0011 after opening the trade at $0.0008.
