The past week has been a tough one for the diversified holding company PHI Group Inc (OTCMKTS:PHIL) as its stock suffered from a significant selloff. The trend continued yesterday as the stock declined by another 6% and took the decline over the course of the past week to as much as 11%.
Trading Data
On Tuesday, PHIL stock fell 6% to $0.0016 with more than 308.15 million shares, compared to volume of 187.20 million shares. The stock moved within a range of $0.0014 – 0.0017 after opening trade at $0.0016.
CARBON (CO2) token will be listed in DigiFinex – Crypto Centralized Exchange – on April, 22nd, 2022, embracing the Earth Day.
That being said, it should be noted that the company was in the news cycle yesterday after it made a key announcement with regards to its subsidiary company CO2-1-0 (CARBON) Corp. It was announced that CO2-1-0 (CARBON) had inked a listing agreement with the major cryptocurrency exchange DigiFinex.
In this regard, it should be noted that it was a major announcement considering the fact that DigiFinex is among the top 10 highest volume cryptocurrency exchanges in the world.
As per the provisions of the agreement, the DigiFinex is going to list the CABON token on its exchange. It is going to be made available from April 22 and will be traded along with the most popular cryptocurrencies in the world. It may not have led to a rally in the PHI Group stock but it now remains to be seen if there is any recovery in the coming days.
Key Quote
Mr. Oscar Or, Chief Commercial Officer of DigiFinex, Ltd, stated: “We are very proud and excited to announce the listing of the CARBON (CO2) project, founded by CO2-1-0 (CARBON) CORP and PHI Group, Inc., which are the global key leaders in the Carbon Credit transition solutions and leveraging with latest blockchain technology and cryptocurrency concepts.
Technical Data
PHIL stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0025 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0058.
