The HUMBL Inc (OTCMKTS:HMBL) stock had been one of the biggest movers from among penny stocks earlier on this year and this past week, the stock was in action once again.
The HUMBL Inc stock soared by as much as 17% last week and it is likely that the stock is going to come into focus among many investors this week as well. Back in May, the stock had hit a low but since then it has been on a path to recovery and it continued up until last week. While the gains made by the stock last week were substantial, it should be noted that there was no news that could have led to such gains.
One of the more significant developments with regards to HUMBL Inc was its acquisition of the ticketing platform Tickeri Inc last month. Tickeri is primarily focussed on the South American market and HUMBL completed the $20 million deal through both stock and debt. The acquisition is a significant one for the company since HUMBL is going to integrate its peer to peer remittance and mobile payment services on to the platform in a new market. The company also hopes to expand Tickeri into other geographies.
Market Reaction:
On Friday, HMBL stock went up 0.61% at $1.07 with more than 8.89 million shares, compared to its average volume of 11.60 million shares. The stock has moved within a range of $0.9850 – 1.0900 after opening the trade at $1.01. Over the past 52-week, the stock has been trading within a range of $0.0002 – 7.7200.
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