It was carnage in the markets for the Wellbeing Digital Sciences Inc (OTCMKTS:KONEF) stock on Friday as it suffered from an almighty selloff and went down by as much as 17% for the day.
Trading Data
On Friday, KONEF stock decreased 17% to $0.1608 with more than 8K shares, compared to its average volume of 2.7K shares. The stock moved within a range of $0.1608 – 0.1710 after opening trading at $0.1710.
Wellbeing Digital Sciences Reports Financial Results for the Second Fiscal Quarter of 2022
In case of such a drop, it may be a good move for investors to perhaps figure out if the stock could in fact make a rebound in the coming days or not. The healthcare company was in fact in the news on Friday after it announced that it had finally filed its financial results for the record that had concluded on January 31, 2022.
In this situation, it may be a good move to perhaps take a look at some of the highlights from the financial results. The company managed to bring in revenues of C$1,660,158 for the quarter and that was a significant development considering the fact that its revenues in the previous quarter stood at zero.
On the other hand, the gross losses for the quarter came in at $42,483. In the prior year period, the company had suffered zero losses. Investors did not seem to be particularly happy with the numbers and it will be interesting to see Wellbeing Digital stock can make a comeback.
Key Quote
“The second quarter of fiscal 2022 marked our first financial period as Wellbeing Digital Sciences, which began an exciting new chapter for the Company. During the period, KGK Science and IRP Health contributed appropriately and Wellbeing’s prospects for growth are encouraging,” said Adam Deffett, Interim CEO of Ketamine One.
Technical Data
KONEF stock is trading below the 20-Day and 50-Day Moving averages of $0.25 and $0.25 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.67.
