High end luxury good providing company SFLMaven Corp (OTCMKTS:SFLM) has seen its stock enjoy a rather strong rally over the course of the past and has clocked gains of as much as 8% during the period. As it happens, the company was in the news yesterday after it made an announcement in relation to its performance in the week that ended last Thursday on March 3, 2022.
Trading Data
On Wednesday, SFLM stock ended flat at $0.0013 with more than 12.66 million shares, compared to its average volume of 23.06 million shares. The stock moved within a range of $0.0011 – 0.0013 after opening trading at $0.0013.
SFLMaven Continues Notable Trend with $298k in Weekly Sales as Thursday Night Auction Momentum Builds
The company also announced that while it has managed to further boost its growth in terms of sales and market footprint, it has also decided to launch a newly constructed website. The website is also going to bear an updated logo for the company.
In the sever days that ended on March 3, 2022 the company managed to generate sales of as much as $298,000. As has been the case for quite some time, it was the Famous Thursday Night Auction that made up for the lion’s share of the sales generated by the company.
That solitary event brought in as much as $275,000 in sales and is expected to continue to be a major source of revenues for SFL Maven Corp in the future.
Key Quote
“We recently hired a new core team-member and introduced operational measures to step up our execution, which has resulted in roughly a 20% bump in sales so far this year,” noted Joseph Ladin, CEO of SFLMaven. “But there’s more low-hanging fruit on the tree, and we believe we will continue to make gains. Over the past five weeks, we have averaged sales that rival our best ever weeks prior to this year. That trend is set to accelerate this week: Our internal data suggests we are likely to have a record night on Thursday featuring some truly exceptional pieces. Come and see for yourself!”
Technical Data
SFLM stock is trading below the 50-Day and 200-Day Moving averages of $0.0016 and $0.0033 respectively. The stock is trading in the neutral zone with RSI stands at 47.
