Herborium Group (HBRM) Stock Sees Selling Pressure After The News: Will it Rebound?

Herborium Group, Inc. (OTCMKTS:HBRM) stock is witnessing weakness in the opening session on Wednesday on high volume after announcing a key update.

Market Reaction:

As of 10.19, HBRM stock moved down 21% to $0.0015 with more than 47.69 million shares, compared to  its average volume of 112.50 million shares. The stock has moved within a range of $0.0015 – 0.0019 after opening the trade at $0.0018.

Major Trigger:

Herborium Sales for First Quarter 2021 rises 20% Debt decreased $500.000

• HBRM announced today that despite the COVID Pandemic and its impact on the economy,  The company’s performance remains strong and future activities and plans for new products and partnership are in a full swing.
• First Quarter sales for 2021 grew 19.7% while gross profit increases15.1% and gross margin grew from 61% to 64%.
• During this Quarter the company has also retired close to 1/5 of its debt ($500,000) to prepare the Company for upcoming partnership discussions.
• First Quarter has also witnessed a serious step forward toward transforming the company into a commerce plus content hub while progressing with new products in development. We expect to introduced them shortly.  A lynchpin in these efforts was inviting Dr Ashok N. Vasvani MD., FACE, FACN to join the Herborium Team. Herborium’s reusable fabric mask serves NOT only for COVID -19 protection but is also effective in preventing aerosol transmissible viral infections like influenza (flu) small pox (variola virus), tuberculosis, chicken pox, mumps and others.  Commercial opportunities for the mask persist in many regions of the world where Covid is still prevalent and immunization is not wildly available and when other diseases are also present .