Premium luxury good providing company SFLMaven Corp (OTCMKTS:SFLM) was in focus yesterday among investors and it was reflected in the rally in its stock, which ended up with gains of 13% for the day.
Trading Data
On Tuesday, SFLM stock gained 12.50% to $0.0009 with 44.78 million shares, compared to its average volume of 48.31 million shares. The stock moved within a range of $0.0009 – 0.0010 after opening trade at $0.0009.
SFLMaven Announces Explosive Growth in April on Robust Revenues and Unit Volume Ahead of Metaverse Store Launch
Yesterday, SFLMaven came on to the radars of investors after it made an announcement with regards to the unaudited financial performance for the month of April this year. The performance in April was a strong one as the company managed to continue with growth in revenues, average price per piece, pieces sold and weekly sales. It may be a good time for investors to now look into the key numbers.
The company managed to generate revenues of as much as $1.02 million for the month of April and that worked out to a year on year rise of as much as 23%.
On the other hand, the average sales per item for the month of April stood at $840 and that worked out to a year on year rise of 10%. In addition to that, SFLMaven managed to sell a total of 1189 items for the month and that reflected a 13% year on year jump. It remains to be seen if the stock can continue on its upward path today.
Key Quote
“April was another tremendous month of performance for the Company in our core model as we continued the momentum established so far in 2022,” stated Joseph Ladin, CEO of SFLMaven. “This past Thursday represented another exceptional auction, driving over $240k in sales for the night. We look forward to continued momentum in May and over the Summer as we work to expand our model and drive new avenues of growth through our metaverse, NFT, and Bitcoin initiatives later this year.”
Technical Data
SFLM stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0011 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0026.
