Exxe Group Inc. (OTCMKTS:AXXA) was up 29% after the company announced plans to transform the way business service and real estate industries conduct businesses while serving early adopters and digital assets providers as part of the company’s Metaverse Initiative.
Trading Data
On Thursday, AXXA stock surged 29.15% at $0.0272 with more than 120.97 million shares, compared to its average volume of 3.72 million shares. The stock has moved within a range of $0.0225 – 0.0396 after opening trade at $0.0225.
Exxe Group Adding to Real Estate Portfolio and Announces AXXA Metaverse Initiative
Notably, at the core of Exxe Group’s strategy, the company is expanding its reach in the two segments. First, the company serves as a two-way physical and digital conduit integrating successful approaches in M&A with the digitization strategy.
In the past few months, management made reference to an opportunity to purchase residential and commercial assets valued at an estimated $100 million in stages. The first stage will close at the start of 2022 with the first ten million added in the present quarter, and at each closing stage, around $25 million in assets will be added to Exxe’s real estate portfolio. The current portfolio of Exxe Group comprises 250 residential units alongside land and commercial property. Therefore, AXXA is worth watching in the coming weeks.
Key Quote
Dr. Eduard Nazmiev, Exxe Group CEO commented on the Company’s unique ability to generate major asset and revenue growth across multiple industries and both physical and digital spaces.
“We are excited to soon close the first stage of our largest large-scale real estate transaction to date, which should result in the target of $100M in assets when fully closed, in addition to recording revenue across and through the Company’s business lines through the unique opportunity to leverage and integrate the physical with the digital and the virtual, and vice-versa. In fact, our status as an early adopter and unique provider of some of the Metaverse’s services and products could set the stage for some of the fastest growth rates we have enjoyed, since inception.”
