Shares of PHI Group (OTCMKTS:PHIL) ended with a small jump, extending its weekly gains to 20%.
Trading Data
On Tuesday, PHIL stock moved up 2.74% at $0.0075 with more than 168.81 million shares, compared to its average volume of 226.92 million shares. The stock has moved within a range of $0.0071 – 0.0085 after opening the trade at $0.0074.
Key Collaborate in Technology Development
PHI Group (OTCMKTS:PHIL), presently engaged in PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” and the establishment of Asia Diamond Exchange in Vietnam, has announced that they have inked a Business Cooperation Agreement with Digital Solutions Company (a Vietnam-based organization).
The purpose of this agreement is to develop technical solutions for a wide range of industries such as real estate, energy, agriculture and healthcare using digital, blockchain and crypto technologies. Digital Solutions will assist CO2-1-0 (CARBON) CORP right away to launch the new disruptive carbon mitigation initiative in the coming weeks, while also supporting the PHI Group with technological solutions for the Asia Diamond Exchange to be established in Vietnam. It will also jointly move forward with several special projects that will have significant impact for shareholders of both companies.
Hoang Le Anh Tuan, Chairman of Digital Solutions, is elated to have signed the cooperation agreement, as both sides share the same ideology of investing in technology that is useful for agriculture, green energy, blockchain, finance, etc. The outcome will bring sustainable benefits to the society. Dinh Hoang Vo, Vice President of Global Business Development of PHI Group, also looks forward to working with Anh Tuan and his highly professional and skilled members, who share the same vision for the future, as they do.
Key Quote
Hoang Le Anh Tuan, Chairman of Digital Solutions Co., stated: “We are delighted to have reached this cooperation agreement, which will be our first step towards great achievements. Both sides share the same ideology that investing in technology in the fields of agriculture, green energy, blockchain, finance, etc. will bring sustainable benefits to society and ourselves.” Anh Tuan added: “ We also look forward to jointly building a strong foundation for financial investment and comprehensive support for potential tech startups in the world. Please wait for further news from us, it will be very soon.”
Technical Data
PHIL stock is trading above the 20-Day and 50-Day Moving averages of $0.0064 and $0.0069 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0059. The stock is up 114% in the past 6-month.
