It is highly likely that the HPIL Holding (OTCMKTS:HPIL) stock is going to come into considerable focus this morning after having recorded handsome gains last week.
This past Friday, the stock was in sharp focus and soared by as much as 70% to take its gains for the course of the week to 210%. Last week the company had announced that it decided to get into the development of its own electric auto, which is named APOGEE D7. In order to develop this auto, the company is going to use the power train that has been developed by Apogee Dynamics Ltd.
It is a significant new project for the company and the interest in the Cybernetic stock among investors is perfectly understandable. In this regard, it is necessary to point out that in addition to power train, the project is going to have up to 10 other partners. These partners are going to help with their disruptive businesses in a range of industries like media, materials and technology in order to create a new paradigm for the automobile industry. It goes without saying that it is a highly ambitious project for Cybernetics and its success is expected to push the company into a new plane altogether.
Market Reaction:
On Friday, HPIL stock soared 70% to $0.0090 with more than 2.65 billion shares, compared to its average volume of 364.10 million shares. The stock has moved within a range of $0.0058 – 0.0092 after opening the trade at $0.0060 Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0092.
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