Endexx Corporation (OTCMKTS:EDXC) is now a well known operator in the hemp based CBD health and wellness products space and yesterday, the company was in the news following a key announcement.
Market Action
On Thursday, EDXC stock slid 4% at $0.0499 with more than 537k shares, compared to its average volume of 511k shares. The stock has moved within a range of $0.0440 – 0.0520 after opening the trade at $0.0480.
Secures Purchase Orders
The company announced yesterday that it had been awarded a vendor number and in addition to that, it had also managed to fulfil the compliance procedures that had been put in place by a well known medical chain for selling its BlessWell brand of products. It goes without saying that both of these developments are significant ones for the company and could provide a long term boost to Endexx Corporation.
However, at the same time, it is important for investors to keep in mind that the announcement was not met with any real optimism by investors. As a matter of fact, the stock continued to trade within a range and it remains to be seen if it eventually breaks out or not.
It should be noted that the company has already started the procedure of preparing its products for the purposes of shipping and eventual placement by the end of the years. It could be a good idea for investors to add the Endexx stock to their watch lists.
Traders Note
EDXC stock is trading below the 200-Day and 50-Day Moving averages of $0.1112 and $0.0525 respectively. However, the stock is trading above the 20-Day moving average of $0.0497. The stock is down 52% so far this year.
 Stock Continues to Trade in a Range){kind=link}