Last Friday the Alliance Creative Group Inc (OTCMKTS:ACGX) stock emerged as one of the major movers in the market and ended up with gains of as much as 29% as a consequence. In such a situation, it may be a good idea for investors to take a look at its results from operations for the quarter that ended on December 31, 2021.
Trading Data
On Friday, ACGX stock soared 29.40% to $0.22 with 109.8K shares, compared to its average volume of 8.2K shares. The stock moved within a range of $0.1900 – 0.2289 after opening trade at $0.19.
Earnings Review
The announcement was made on Friday. It could be a good move for investors to now take a closer look at the results and then make their minds up about the stock one way or another. The company’s revenues for the quarter came in at $3,143,023 and the gross profits during the same period hit $695,793.
Alliance Creative also generated net income of $42,537 for the quarter. The performance seemed to have come as a source of considerable excitement for investors as well and hence, the price action in the stock was perhaps understandable.
At the end of the quarter, the company boasted of total assets to the tune of $4,083,533 on its balance sheet. Cash in hand at the end of the quarter stood at $31291. It could be the right time to start tracking the stock.
Technical Data
ACGX stock is below the 20-Day and 50-Day Moving averages of $0.18 and $0.20 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.29.
