ADM Endeavors Inc (OTCMKTS:ADMQ) is fast emerging as one of the companies to watch for investors and it can perhaps be gauged from the price action in its stock over the past week.
Market Action
On Wednesday, ADMQ stock fell 1% at $0.0782 with more than 64k shares, compared to its average volume of 143k shares. The stock has moved within a range of $0.0756 – 0.0840 after opening the trade at $0.1840 .
Announces Record Profits
During that period, the ADM Endeavors has managed to clock gains of as much as 10% and hence, it might be a good time to take a closer look. Yesterday, the company was in the news after it announced that its fully owned subsidiary company Just Right Products Inc had managed to generate record profits in the first 10 months of the year so far.
The company noted that during this period, the unaudited results have shown that Just Right Products managed to generate profits of as much as $1,057,015. That was a significant figure considering the fact that it reflected a rise of more than 200% from the $350,236.88 in profits that it had generated in the prior year period.
In addition to that, the profits in this period also represented a 270% jump from the profits generated by Just Right Products for the entirety of 2019. That reflects a major jump from the profits generated by the company in pre-COVID times.
Key Quote
ADM Endeavors CEO Marc Johnson said, “Increases in revenue are great, but profits are the true signature of a company going in the right direction with longevity.”
Traders Note
ADMQ stock is trading above the 200-Day and 20-Day Moving averages of $0.0738 and $0.0719 respectively. Moreover, the stock is trading above the 50-Day moving average of $0.0798. The stock is down 5% so far this year.
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