Diversified life sciences firm Tauriga Sciences Inc (OTCMKTS:TAUG), which is based out of New York, was among the companies that had come into focus among investors yesterday after it made a key announcement.
Trading Data
On Monday, TAUG stock moved up 9% to $0.0344 with more than 1.22 million shares, compared to its average volume of 808k shares. The stock has moved within a range of $0.0298 – 0.0348 after opening trade at $0.0320.
Generates Record Quarterly Net Revenue, from Both Amazon and E-Commerce Business Segment
The company announced its quarterly results yesterday and managed to break previous records from both Amazon and e-commerce sales. It was a major announcement from the company and it was no surprise that investors piled on to the Tauriga stock yesterday. The stock ended the day with gains of as much as 9% and it is likely that it is going to be a point of focus today as well.
The company announced that its e-commerce business, which is hosted by Shopify, managed to record a sequential rise of as much as 75%. On the other hand, the sales recorded on amazon flew by as much a 69% on a sequential basis. In light of such significant sales growth, it is only natural that investors grew excited about the results on Monday.
At this point, it might be the right move for investors to consider adding the Tauriga Sciences stock to their watch lists. It remains to be seen if the stock can add to its gains today.
Technical Data
TAUG stock is below the 20-Day and 50-Day Moving averages of $0.0357 and $0.0368 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0585. The stock is down 13% in the past month.
