Cybernetic Technologies (OTCMKTS:HPIL) Stock Bounces Back: How To Trade Now?

In recent days, Cybernetic Technologies (OTCMKTS:HPIL) has been in considerable focus among many investors and the trend continued on Monday as the stock went on another strong rally. Yesterday, the stock jumped by as much as 13% and the rally in the stock might have been related to an announcement from the company on July 20.

The company announced at the time that its business division NFT Procurement was going to have its inaugural NFT (non fungible token) auction on August 1, 2021. The inaugural auction is a major new development for the company considering the way in which NFTs have gained in popularity this year so far.

Hence, it is no surprise that the Cybernetic Technologies stock has come into sharp focus among investors owing to that move. The first three auctions are going to be held on, and and it could be a good idea for investors to keep an eye on the proceedings.

Stephen Brown, the Chief Executive Officer of the Cybernetic, stated that the inaugural auction is going to be the first of many that are going to be hosted by NFT Procurement. The company hopes to have at least three auctions each month.

Market Reaction:

On Monday, HPIL stock soared 13.64% at $0.0050 with more than 296.23 million shares, compared to its average volume of 378.82 million shares. The stock has moved within a range of $0.0043 – 0.0053 after opening the trade at $0.0046. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0119.

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