If you are currently looking into media-based companies then it may be a good move to take a look into InCapta Inc (OTCMKTS:INCT). The media holding company was in the news yesterday after it announced that it had clocked revenues of more than $100,000 for the month of September.
Trading Data
On Monday, INCT stock ended flat at $0.0001 with 83.44 million shares, compared to its average volume of 26.39 million shares. The stock moved within a range of $0.0000 – 0.0001 after opening trade at $0.0001.
INCT Remains Strong in Tough Economic Times Posting Record Revenue in September 2022.
In fact, that proved to be a record in terms of revenues for the month of September. The company noted that revenues had gone up since people had opened new stores and at the same time reorder rates had also gone up. On a historic basis, September has always been a prosperous month for InCapta, however, the company noted that it was pleased that it had managed to surpass expectations.
The President and Chairman of the company Gregory Martin spoke about the performance as well. He noted that the outlook for the food business was strong and InCapta believed that it was going to surpass last year’s revenues. It was a significant new achievement for the company and InCapta thanked its long-standing shareholders for having believed in the vision of the company. It now remains to be seen if the stock can come into focus among investors or not.
Technical Data
INCT stock is trading below the 20-Day and 50-Day Moving averages of $0.0001 and $0.0001 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0002.
