HPIL Holding (OTCMKTS:HPIL) Stock Jumps Again: Soars 58% in a Week
The NFT or non-fungible token space has grown at a breakneck pace over the course of this year and it is no surprise that more and more companies are getting into it.
Market Stats
On Monday, HPIL stock increased 24.32% at $0.0046 with more than 281.41 million shares, compared to its average volume of 241.12 million shares. The stock has moved within a range of $0.0035 – 0.0049 after opening the trade at $0.0039.
Closed the Sale NFT Procurement to Stargaze Entertainment Group
In this regard, the company HPIL Holding (OTCMKTS:HPIL) is an interesting proposition for investors considering the fact that it has a dedicated unit named NFT Procurement which is involved with the NFT sector. In addition to that the HPIL stock has also managed to emerge as a major gainer in the past few days and the trend continued on Monday as the stock shot up by another 24%.
The rally on Monday took its gains for the past week to as much as 58%. While the rally in the stock has been quite strong, it is perhaps also necessary to note that there has been no news about the company for quite some time.
It was back on October 18 that it emerged that HPIL inked a letter of internet with Stargaze Entertainment Group with regards to the acquisition of NFT Procurement. However, at the same time, the company also announced that the transaction in question had actually been concluded on October 15.
Key Quote
“The update on the OTC review is that we are truly 1-2 days away as the delay has been due to legal counsels’ availability and has been frustrating for all, however I assure it will be done”, said Stephen Brown, CEO.
Traders Corner HPIL stock is trading above the 20-Day and 50-Day Moving averages of $0.0036 and $0.0039 respectively. Moreover, the stock is trading above 200-Day moving average of $0.0033. The stock is up 84% in the past 6-month.
