PHI Group Inc (OTCMKTS:PHIL) Stock Falls: Company Issues 2022 Revenue Projections

Henry Fahman, who is the Chief Executive Officer of PHI Group Inc (OTCMKTS:PHIL), went on The Stock Day Podcast yesterday and participated in an interview with the host Everett Jolly.

Trading Data

On Tuesday, PHIL stock fell 10.33% to $0.0027 with more than 303.80 million shares, compared to its average volume of 138.95 million shares. The stock moved within a range of $0.0025 – 0.0030 after opening trade at $0.0029.

PHI Group, Inc. Discusses 2022 Revenue Projections and Potential Uplisting with The Stock Day Podcast

In general, appearances on such podcasts are generally regarded as a positive as the company can get its message across to a large audience. However, the PHI Group stock did not get a boost yesterday and in fact, tanked by as much as 10% for the day. In light of this situation it may be a good idea to actually take a look at some of this highlights from the interview.

In a question with regards to the specialty of PHI Group, Fahman noted that PHI Group is one of the exceptions among companies which are listed on the OTC Markets. To explain his point, he noted that the company is well known for making ‘bold moves’ in order to chase some of the ‘unprecedented’ opportunities that are present in its industry.

At this point in time, PHI Group is best known for promoting the PHILUX Global Funds, which is, in effect made up of a group of funds by banks based out of Luxembourg and is organised as Reserved Alternative Investment Fund.

Technical Data

PHIL stock is Moreover below the 20-Day and 50-Day Moving averages of $0.0036 and $0.0043 respectively. However, the stock is trading below the 200-Day moving average of $0.0067.