While there was no specific news about the PHI Group Inc (OTCMKTS:PHIL) on Monday, the stock soared by as much as 43%, it should be noted that the rally may have been triggered in anticipation of the company’s presentation at an industry event tomorrow.
Last week the company had announced that it was going to make a presentation at the Emerging Growth Conference to be held on June 23, 2021. It is going to be an online interactive event that is going to be broadcast live and could prove to be a highly useful event for prospective investors as well as current shareholders in PHI.
It is going to give them the opportunity of actually interacting with Henry Fahman, the Chairman and Chief Executive Officer of the PHI Group. The company’s CEO is going to make a presentation this Wednesday and later on entertain questions from the floor. The company is going to make the presentation at 12:30 p.m. Eastern time and the presentation is expected to run for duration of half an hour.
Those who are interested in the event could do well to register here https://goto.webcasts.com/starthere.jsp?ei=1473091&tp_key=f82736754c&sti=phil . As the day of the presentation approaches , investors could consider keeping an eye on the PHI stock.
Market Reaction:
On Monday, PHIL stock soared 42.62% to $0.0174 with more than 1.25 billion shares, compared to its average volume of 6.91 million shares. The stock has moved within a range of $0.0122 – 0.0185 after opening the trade at $0.0123. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0185.
 Stock Continues to Jump: How Far Can it Go?){kind=link}