What Happened
Exxe Group Inc (OTC-AXXA) fell -6.05% to $0.126 in the early trading session today. The Stock gained 51.74% in the past week, compared with the month-over-month gain of 501.38%.
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Exxe Group (OTC PINK: AXXA) is a global company focusing on real estate and sustainable and digital technology, media, agribusiness, and financial services. EXXE Group maintains a focus on acquisitions. Investing in undervalued companies and improving their performance by providing access to capital and management expertise – is the Company’s strategy.
Most Recent Developments
On November 23, 2020, in its second quarter of fiscal 2020, Exxe Group (OTC PINK: AXXA) announced upbeat financial results.
In 2Q2021, AXXA’s gross revenues increased by 5% sequentially, surpassing the $7.7M record set in 1Q2021. The company achieved significant growth in revenue from $2,619,576, while net income soared to $1,249,894 against a $(831,911) loss.
Assets totaled $206,022,467 in 2Q2021 compared to $152,958,973 a year ago. The revenue of $15.7M in 1H2021 has grown 216% from $3,826,192 year over year.
Commodity prices rose during the quarter, which resulted in notable results for AXXA’s agribusiness. The Agribusiness sector contributed the highest proportional revenue to Exxe’s total revenues, followed by the real estate sector.
On November 6, 2020, Exxe Group, Inc. (OTC Pink: AXXA) provided a company update on its relaunched currency exchange services operations, which was supposed to go live the same month. From 1Myle, AXXA expects to generate a first-year revenue of $15 million or more.
Finally,
Besides its Bitcoin exposure, Exxe Group Inc is also reportedly rooted in shares of digital assets like Ethereum and the like. The Company is also a prime candidate for a short squeeze given a large amount of shorting in recent weeks.
