On Tuesday, the HPIL Holding (OTCMKTS:HPIL) stock was trading in a range and it may just be the right time for investors to consider making up their minds about the stock. The company owns a range of divisions and one of the more interesting divisions is the World Gaming Group.
Trading Data
On Monday, HPIL stock ended flat at $0.0014 with more than 151.29 million shares, compared to its average volume of 141.42 million shares. The stock has moved within a range of $0.0013 – 0.0015 after opening trade at $0.0014.
World Gaming Group a Division of HPIL Play
Yesterday, the company was in focus with regards to an update abut World Gaming Group. It was announced yesterday that World Gaming Group was exploring the possibility of developing a multiplayer online game in the epic pirate battle genre. However, that was not all. The company also announced that it was continuing to work diligently with regards to the development of the social media platform, ZIPPA.
On the other hand, HPIL Holding also announced that the developers at the company had also managed to hit a number of milestones with regards to the SOLOMON REVENGE game that is going to release this spring. While the announcements made by the company on Tuesday were significant, it should be noted that those did not lead to any bullish sentiments among investors. It is now going to be interesting to see if the stock can actually manage to make a move any time stoon.
Key Quote
The reasons for the delays are quite simply that we did not have the supporting documents from before we took over the company, needed to complete filings per OTC requirements. However, with expert outside support we are near the end of this dilemma”, said Stephen Brown CEO.
Technical Data
HPIL stock is trading below the 20-Day and 50-Day Moving averages of $0.0016 and $0.0022 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0036.
