Not too long ago the Cybernetic Technologies Ltd (OTCMKTS:HPIL) stock had experienced a strong rally on the back of certain developments. However, in recent days, the stock has been trading within a range and it might be the right time for investors to look into the stock a bit more closely.
Last week the stock had come into sharp focus among many investors after the World Gaming Group, a division of Cybernetic Technologies, announced that it had finished building a new gaming product named ZIPPA. ZIPPA is actually a worldwide multi gaming platform that is dedicated to gamers.
However, that was not all. It was also announced that the platform was going to be launched on September 1, 2021. It is a major new product from Cybernetic Technologies and is going to help the company in competing against such major names as TikTok, Twitch and Triller.
The platform is going to be made available at www.zippa.gg. Stephen Brown, the Chief Executive Officer of Cybernetic Technologies spoke about ZIPPA as well. He stated that the platform is absolutely unique and players will also be able to earn the digital token GAMEZCASH, which can be used buy items from the vendors who are going to be available on the platform.
Market Reaction:
On Tuesday, HPIL stock fell 14.30% at $0.0054 with more than 467.28 million shares, compared to its average volume of 369.66 million shares. The stock had moved within a range of $0.0052 – 0.0061 after opening the trade at $0.0060. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0119.
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