HPIL Holding (HPIL) Stock Moves up To New High: A Bullish Sign?

Investors are often known to look into stocks which might have clocked significant gains over a sustained period and by that principle, it might be a good move to start tracking the HPIL Holding (OTCMKTS:HPIL) stock.

The stock has been on the radars of investors for a month and on Thursday, it jumped by 24% to takes its gains for the past month to as much as 105%. While the latest gains made by the stock are substantial, it should also be noted that there was no news about HPIL on Thursday.

The last major news about the company emerged in May 2021 when the company announced that it inked a partnership agreement with the company Original Protocol with regards to non-fungible tokens (NFTs). As per the terms of the agreement, the two companies are going to collaborate in minting NTFs on the platform developed by Origin Protocol.

Eventually, those tokens are going to be offered for sale through a website developed by Origin Protocol to third parties. It is a significant development for HPIL considering the fact that NFTs have become highly popular digital assets for creators in recent times and hence, the news of the partnership also created considerable optimism about its stock.

Market Reaction:

On Thursday, HPIL stock moved up 23.26% to $0.0053 with more than 631.37 million shares, compared to  its average volume of 320.06 million shares. The stock has moved within a range of $0.0037 – 0.0054 after opening the trade at $0.0045. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0054.

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