There were many micro cap stocks which had managed to come into considerable attention among investors last week and one of those was the PHI Group Inc (OTCMKTS:PHIL) stock. This past Friday, the PHI Group stock was in major focus among investors and managed to record gains of as much as 34% amidst heavy interest.
However, there’s more to it than that and investors could consider taking a closer look. In addition to the gains made by the stock, another notable aspect was the considerable rise in trading volumes in the PHI Group stock.
More importantly, experts believe that the rally on Friday was no a one off and there could in fact be a sustained rally in the PHI Group stock that could take it to heights that have not been seen before.
There has also been heavy accumulation in the stock in recent times and it has also come to the fore as one of the most actively traded stocks in the OTC Markets. In this regard, it is perhaps necessary to note that the PHI Group stock also enjoys a massive following at a global level and hence, the sheer number of traders who are speculating in the stock is huge.
Market Reaction:
On Friday, PHIL stock soared 33.50% at $0.0134 with more than 294.36 million shares, compared to its average volume of 357.52 million shares. The stock has moved within a range of $0.0095 – 0.0135 after opening the trade at $0.0097. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0198.
 Stock Gains Momentum: A Bullish Sign?){kind=link}