The Cybernetic Technologies (OTCMKTS:HPIL) stock has been on the radars of many investors in recent days and the trend continued on Thursday following a key development.
Yesterday, a business division of Cybernetic Technologies named World Gaming Group that it completed the creation of a new multi game global platform named ZIPPA. The platform is all set to be launched by Cybernetic Technologies on September 1 this year. Naturally, the announcement brought a fair degree of optimism to investors and the Cybernetic stock soared by as much as 30% as investors piled on to the stock in a big way on Thursday.
In light of the gains made by the stock on Thursday, it is going to be interesting to see if the Cybernetic stock can continue to add to its gains today and end the week on a high. The platform is going to be made available through the website www.zippa.gg and once it is launched, it is going to be competing against other platforms like Twitch, TRILLER and Tik Tok.
Stephen Brown, who is the Chief Executive Officer of Cybernetic, spoke about the new product as well. He also stated that participants will also be able to earn GAMEZCASH, a token and use that to purchase items from vendors who are going to be available on ZIPPA.
Market Reaction:
On Thursday, HPIL stock soared 30.36% at $0.0073 with more than 794.85 million shares, compared to its average volume of 361.05 million shares. The stock had moved within a range of $0.0047 – 0.0083 after opening the trade at $0.0058. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0119.
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