Innovative art additive manufacturing company 3DX Industries Inc (OTCMKTS:DDDX) has seen its stock get into a bit of a downward spiral over the course of the past week or so.
On Monday, DDDX stock fell 5.30% at $0.1752 with more than 288K shares, compared to its average volume of 389Kk shares. The stock has moved within a range of $ 0.1720 – 0.1970 after opening the trade at $0.1970.
Update to Shareholders
The trend continued on Monday as the 3DX Industries stock declined by as much as 5% and took its losses for the past week to 30%. As a matter of fact, the company was in the news yesterday after it issued a new update to its shareholders. The company noted that its fiscal year ended on October 31 and went on to state that it had been an exciting year.
The company spoke about the past year in order to provide investors with a better idea about its achievements. In the update, 3DX Industries stated that at the beginning of the fiscal year it had four main aims. The four aims included the recruitment of the talented personnel, raising awareness about the company, expansion of the 3D metal printing capacity and raising funds for the future growth of the business.
The company announced that it had been able to hit all the four goals in the past year. However, it did not impress investors and the stock tanked further on Monday.
DDDX stock is trading above the 50-Day and 200-Day Moving averages of $0.15 and $0.13 respectively. However, the stock is trading below the 20-Day moving average of $0.20. The stock is up 88% over the past 3-month.