Over the course of the past week, the Exxe Group Inc (OTCMKTS:AXXA) stock has performed quite poorly and declined by as much as 10%. Considering the magnitude of the decline, it may be time for investors to consider if the stock is going to keep dropping or if it can actually make a recovery of any kind.
Trading Data
On Thursday, AXXA stock gained 0.72% to $0.0211 with more than 2.87 million shares, compared to volume of 5.94 million shares. The stock moved within a range of $0.0202 – 0.0215 after opening trade at $0.0210.
Exxe Launching New Audits, Asset Monetization, and Revenue Growth Initiatives
Exxe, which operates as a diversified financial technology company, was in the news yesterday after it announced that it had flagged off a number of initiatives which are meant for growing revenues. The company also noted that the initiatives are meant for eventually boost the valuation of Exxe and subsequently unlock more value for the shareholders.
In addition to that, the company also noted that once these plans do fall into place, it could also create opportunities for exits with regards to spin offs and co-funding later on in the year. On the other hand, Exxe also believes that it will also help the company in making bigger penetration into the digital communities and the greater financial technologies markets owing to these moves. It could be a good move now for investors to add the stock to their watch lists.
Key Quote
Dr. Eduard Nazmiev, Exxe Group CEO, stated, “This groundbreaking approach can put us ahead of our competitors maximizing revenue and profits in multiple ways. AXXA’s accelerating its pace to bring significant value to its shareholders through the adoption of a disruptive and industry-changing business model as well as future audits, co-funding, and spin-offs which could generate tremendous value to our shareholders”
Technical Data
AXXA stock is trading below the 20-Day and 50-Day Moving averages of $0.0231 and $0.0275 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0320.
