Cybernetic Technologies Ltd (OTCMKTS:HPIL) Stock Rockets 505: What’s The Buzz?
The Cybernetic Technologies Ltd (OTCMKTS:HPIL) stock has been on the radars of many investors for most of this month so far and the trend continued on Thursday.
Despite there being no fresh news about the company, investors piled on to the stock in a big way and the Cybernetic stock ended up clocking gains of as much as 50%. In this context, it might be a good idea for investors to perhaps consider taking a look at a development in relation to Cybernetic Technologies from earlier on in the month.
Back on July 8, a division of the company named World Gaming Group announced that it completed building a new global multi gaming platform for gamers named ZIPPA. It was a major development and it brought the stock into considerable focus among investors.
At the end of the day, there has been a lot of interest in gaming related products among investors in recent months and hence, the interest in the Cybernetic Technologies was understandable as well. The company plans to launch the gaming platform on September 1 this year. More importantly, it is necessary to note that ZIPPA is going to compete with suck heavy hitters in the gaming space like TikTok and Twitch.
Market Reaction:
On Thursday, HPIL stock soared 50% at $0.0048 with more than 1.23 billion shares, compared to its average volume of 407.32 million shares. The stock has moved within a range of $0.0030 – 0.0053 after opening the trade at $0.0033. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0119.
