Yesterday, the company Starstream Entertainment Inc (OTCMKTS:SSET) managed to come into sharp focus among investors following a key development and its stock ended the day with gains of as much as 17%.
Trading Data
On Thursday, SSET stock soared 17.50% at $0.0249 with more than 1.25 million shares, compared to its average volume of 1.26 million shares. The stock has moved within a range of $0.0206 – 0.0249 after opening the trade at $0.0210.
Starstream’s Facetime Promotions Invoices Clients Over One Million Dollars Through October
While it still remains to be seen if the stock comes into focus among investors this morning, it might be a good idea for investors to take a closer look at the developments. The company’s fully owned subsidiary company Facetime Consulting and Promotions announced yesterday that it had been successful in hitting the milestone of having invoiced its clients to the tune of more than a million dollars during the current financial year.
Facetime offers a range of services and is primarily known for providing brand ambassador services, on-demand promotional solutions and event staffing. The company’s Chief Executive Officer Carla Rissell stated that the month of October proved to be the most productive month for the company in the fiscal year. She went on to state that the demand for its services continues to be strong in the four state area in which it currently operates. Naturally, it was a significant development for the parent company Starstream as well and the stock flew as a consequence.
Key Quote
Carla Rissell, President of SSET, proudly commented: “Facetime has successfully hit the million dollar billing mark in 2021! October was a banner month for Facetime and business continues to be strong in the four-state area we currently service. Facetime successfully completed over 700 events during the month of October and November has started out very strong as well. Through the end of October, Facetime has done over one million dollars in business during 2021 and we still have two more months to go yet. Investors should take note that holidays are the times when we shine the brightest and with Thanksgiving and Christmas celebrations on the horizon, I believe business will remain at peak levels for the rest of the year.”
Technical Data
SSET stock is below the 50-Day and 200-Day Moving averages of $0.0250 and $0.0616 respectively. However, the stock is trading above the 50-Day moving average of $0.0245. The stock is up 2% in the past month.
