All botanical medicinal products providing company Herborium Group Inc (OTCMKTS:HBRM) could be in focus this morning after the company’s stock had emerged as one of the notable gainers on Tuesday.
On Tuesday, HBRM stock surged 12.50% to $0.0004 with more than 108.32 million shares, compared to its average volume of 73.21 million shares. The stock has moved within a range of $0.0003 – 0.0005 after opening trade at $0.0004.
The company was in focus yesterday after it announced its financial results for the fourth fiscal quarter. The numbers seem to have impressed investors and the stock rallied soon after to end up with gains of as much as 13%. In this situation, it may be a good move for investors to take a look at some of the highlights from the company’s financial results.
In the fourth quarter, the company managed to generate revenues that were 15% higher than what it had generated in the year ago period. In addition to that, Herborium also managed to bring in annual sales for the fiscal year 2021 to its highest ever. Hence, it is perhaps understandable why there was such bullish sentiment about the stock yesterday.
In addition to that, the company also noted that in the fourth quarter, there had been no dilution to the stock either and that was another factor that may have come as a source of optimism for many investors.
HBRM stock is below the 20-Day and 50-Day Moving averages of $0.0006 and $0.0008 respectively. However, the stock is above the 200-Day moving average of $0.0013. The stock is down 60% in the past 3-month.