Earlier on in the year, HUMBL Inc (OTCMKTS:HMBL) had been one of the companies that had been in considerable focus among many investors and its stock emerged as one of the biggest movers from among penny stocks.
However, the past weeks have been a bit more sobering and it continued last week as well. The stock declined by as much as 8.50% last week amidst a selloff and it is now perhaps important for investors to figure out if the decline could be an opportunity to get into the stock now.
In this context, it should be noted that there was no news about the company last week that could have led to such a selloff. However, back in March this year, the company announced that it inked a Securities Purchase Agreement with the Chile based multi-family office Aurea Group Ventures.
As per the terms of the agreement between the two parties, Aurea agreed to pick up common stock in HUMBL Inc and also the country rights for the Chilean territory for a total considerable of $75,000,000. Aurea picked up as many as 437,000 shares in HUMBL through one of its affiliates for $1,000,000.