At the turn of the year, HUMBL Inc (OTCMKTS:HMBL) was one of the best performing penny stocks in the market but in recent times the stock did not have a great time and suffered from a slump.
However, this past Friday, it made a recovery of sorts and ended the day with gains of as much as 9%. There was no specific news about the company that might have brought about this rally but at the same time it might be a good move to take a look at a key development from back in April this year. On April 16 the company announced that it launched the inaugural version of the mobile app for HUMBL Pay.
It was a major milestone for the company. The app is not only an app meant for mobile payments and tipping but also helps customers in discovering new merchants.
In addition to that, customers can also leave behind reviews and ratings of the merchants. On the other hand, ticketing had also been added to the HUMBL Pay app. Most of the tickets available on the app at this point in time are for live events. In light of the latest rally, it is going to be interesting to see if the HUMBL stock can maintain its momentum this week.