Rumble (RUM -2.02%) stock is sinking in this week's trading. The company's share price was down 12.5% from last week's market close of as of 1 p.m.
VANCOUVER, BC / ACCESSWIRE / December 18, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ("Apex" or the "Company"), an exploration company focused on developing high potential resource sector projects, is pleased to announce that it has extended its investor relations agreement with Rumble Strip Media Inc. ("Rumble") to enhance its investor awareness. Pursuant to the agreement, Rumble will provide certain social media, marketing and consulting services to Apex in consideration for an upfront payment of CAD$300,000 to Rumble.
The rise of Rumble (RUM 1.59%) stock has sparked investor interest in recent months. Share of the online video platform are up by almost 75% over the last year as the site grows more popular and carves a niche among small content creators and free speech advocates.
Rumble Inc (NASDAQ: RUM) CEO Chris Pavlovski publicly considered adding Bitcoin (BTC) to the company's balance sheet on November 19. MicroStrategy Inc (NASDAQ: MSTR) Founder and Chairman Michael Saylor offered support, quickly making Rumble stock surge before the market's closing.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Wednesday.
Rumble's recently published third-quarter report arrived with troubling indicators for investors.
Rumble Inc. (NASDAQ:RUM ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Shannon Devine - IR Chris Pavlovski - Founder, Chairman and CEO Brandon Alexandroff - CFO Conference Call Participants Scott Devitt - Wedbush Securities Thomas Forte - Maxim Group Jason Helfstein - Oppenheimer & Co. Operator Good afternoon ladies and gentlemen and welcome to the Rumble Inc. Third Quarter 2024 Earnings Call. All participants are in listen-only mode.
Rumble Inc. (RUM) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.14 per share a year ago.
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RUMBLE INC (RUM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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