Shares of BrewBilt Manufacturing Inc (OTCMKTS:BBRW) continued to trend lower last week with a fall of 10%.
Trading Data
On Friday, BBRW stock moved up fell 4.26% at $0.0009 with more than 79.60 million shares, compared to its average volume of 98.19 million shares. The stock has moved within a range of $0.0008 – 0.0010 after opening trading at $0.0010.
Latest News
California company engaged in custom designing, hand crafts as well as integrated processing and distillation processing systems for craft beer and hemp industries, BrewBilt Manufacturing Inc (OTCMKTS:BBRW) announced on November 9, 2021 that the firm saw revenues of about $575,000 for the quarter ending September 30, 2021.
BrewBilt had a surge in quotations for fresh brewery systems requested by potential customers.
Jef Lewis, the firm’s CEO said that the company is glad on reporting a rebound in revenues with economy returning to normalized levels.
Lewis added that the company also got customer purchase orders expected to resulting in revenues of more than $2,000,000 in future quarters. The company is manufacturing and delivering brewing systems ordered by the customers.
Lewis added that the firm is encouraged by the surge in the number of enquiries from customers for quotations for the brewing systems. The CEO opined that a serious customer will request quote as part of financing requirements while building of expansion of the brewery.
Lastly, the CEO added that the time between giving a quote to customer as well as receiving binding purchase order generally can take from four to six months.
There is no surety on quote provided resulting in a signed purchase order or revenues though.
Technical Data
BBRW stock is trading below the 20-Day and 50-Day Moving averages of $0.0011 and $0.0016 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0032. The stock is down 35% in the past month.
