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PLANTATION, Fla. - T-REX Acquisition Corp. (OTCQB: TRXA), a company engaged in crypto-mining operations, has announced the commencement of trading of its common stock shares on the OTCQB Venture Market, marking a significant transition from the OTC Pink Sheets. The shares began trading today under the ticker symbol "TRXA". According to InvestingPro data, the stock has shown remarkable momentum with a 275% return over the past year, despite currently trading near its 52-week low.
The move to the OTCQB, a trading platform operated by the OTC Markets Group for early-stage and developing U.S. and international companies, represents a strategic effort by T-REX to improve liquidity and provide a more efficient trading experience for its shareholders. Companies listed on the OTCQB are required to remain current in their financial reporting and undergo an annual verification and management certification process, aimed at enhancing transparency and investor confidence. InvestingPro analysis reveals the company currently maintains a Fair overall financial health rating, with particularly strong price momentum scores.
Frank Horkey, President of T-REX Acquisition Corp., stated that the uplisting is a critical milestone for the company and its shareholders. He expressed optimism that the enhanced visibility and transparency associated with trading on the OTCQB will attract institutional capital and contribute to a more efficient market for the company’s investors. Recent financial metrics from InvestingPro indicate some challenges, including weak gross profit margins and negative EBITDA of $1.02 million in the last twelve months. Get access to 12 additional exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.
This development comes alongside T-REX’s recent business expansions, acquisitions, and management team enhancements. Horkey believes these steps will position the company to take advantage of the growing crypto mining industry, though financial data shows the company faces current challenges with a negative return on assets and cash flow metrics.
Investors can access real-time quotes and market information for T-REX on the OTC Markets Group’s website. The company has emphasized that this press release contains forward-looking statements that are not guarantees of future performance and may involve subjective judgment and analysis.
The information provided in this announcement is based on a press release statement from T-REX Acquisition Corp. and does not constitute an offer to sell or a solicitation to buy securities. The company has made no representations or warranties regarding the accuracy or completeness of the information and has no obligation to update any information provided.
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