Shares of Itex Corp. (OTCMKTS:ITEX – Get Free Report) rose 10% during trading on Thursday. The company traded as high as $3.41 and last traded at $3.41. Approximately 250 shares changed hands during mid-day trading, an increase of 19,900% from the average daily volume of 1 shares. The stock had previously closed at $3.10.
Itex Stock Performance
The firm’s 50-day simple moving average is $3.26 and its 200 day simple moving average is $3.07.
About Itex
ITEX Corporation operates a business-to-business barter network that enables participating companies to exchange goods and services without relying solely on cash. Through its marketplace, members can offer excess inventory, professional services, advertising, and other business resources in return for products or services provided by other members. The company facilitates these transactions using ITEX dollars, an internal trade-credit system, and generates revenue through membership fees and transaction-related charges.
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