Itex Corp. (OTCMKTS:ITEX – Get Free Report)’s stock price rose 14.4% during trading on Wednesday . The stock traded as high as $3.09 and last traded at $3.09. Approximately 2,000 shares traded hands during trading, an increase of 1,807% from the average daily volume of 105 shares. The stock had previously closed at $2.70.
Itex Stock Up 14.4%
The firm’s 50 day simple moving average is $2.77 and its 200-day simple moving average is $3.13.
About Itex
ITEX Corporation operates a barter-based exchange platform that enables businesses to trade goods and services using an alternative currency called ITEX Trade Dollars. By matching buyers and sellers through its proprietary network, the company helps members conserve cash, improve cash flow and clear excess inventory without traditional financial outlays.
The company’s core offering revolves around its ITEX Trade Marketplace, where participating businesses can post trade opportunities and fulfill needs across a wide range of categories, including office supplies, marketing services, professional consulting and maintenance.
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