As another week on the markets ended, it could be a good time for investors to perhaps look into some of the major gainers and one notable stock that could be looked into is that of HPIL Holding (OTCMKTS:HPIL).
The stock managed to end the week strongly and went up by another 70% on Friday to end the week with gains of a staggering 200%. There was no specific news regarding the company last week that might have triggered such massive gains. However, at the same time, it should be noted that back in May the company had made a key announced about NFT Procurement Ltd, a company in which HPIL has 51% stake.
It was announced that NFT Procurement inked a partnership agreement with Origin Protocol. According to the provisions of the agreement the two companies are going to collaborate on minting NFTs or non fungible tokens on Origin’s Platform.
Once the tokens have been created, they are going to be offered for sale to customers through a website that is going to be created and operated by Origin Protocol. In recent times, NFTs have grown in popularity and hence many companies are now moving into it.
Market Reaction:
On Friday, HPIL stock surged 70% to $0.0090 with more than 2.65 billion shares, compared to its average volume of 359.78 million shares. The stock has moved within a range of $0.0058 – 0.0092 after opening the trade at $0.0060. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0092.
 Stock More Than Tripled Last Week: Here is Why){kind=link}