Diversified financial technology firm Exxe Group Inc (OTCMKTS:AXXA) has garnered a lot of attention from investors over the course of the past week and the situation remained the same yesterday, as the stock climbed another 12%. That took the gains made by the Exxe stock over the course of the past week to as much as 18%.
Trading Data
On Tuesday, AXXA stock soared 11.61% to close at $0.0394 with more than 16.30 million shares traded, compared to its average volume of 18.76 million shares. The stock has moved within a range of $0.0358 – 0.0435 after opening trading at $0.0380.
Exxe Group Previews Major Quarterly Growth Generated by Leading Assets
The rally in the stock on Wednesday was actually triggered after the company announced that it had completed a review of all its business lines and key assets. Exxe noted that in the quarter, three firms managed to contribute the most towards growth, having clocked growth of more than 20% in the December quarter on a year on year basis.
The company is going to publish the financial results for the quarter next month but the preview provided yesterday must have made for good reading for many investors. The rally in the stock yesterday was perhaps understandable. However, at this point in time it is going to be interesting to see if the stock can manage to hold on to its momentum for the rest of the week. It may be a good time to add Exxe Group to your watch lists.
Technical Data
AXXA stock is trading below the 20-Day and 50-Day Moving averages of $0.0445 and $0.0428 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0376.
