If you are looking into crypto mining stocks this morning then it may be a good move to perhaps take a look at the American Premium Mining Corporation (OTCMKTS:HIPH) stock, which emerged as one of the major movers yesterday and clocked gains of as much as 20%.
Trading Data
On Tuesday, HIPH stock moved up 20% to $0.0018 with more than 33.12 million shares, compared to its average volume of 11.60 million shares. The stock moved within a range of $0.0016 – 0.0023 after opening trading at $0.0016.
Technical Data
HIPH stock is trading above the 20-Day and 50-Day Moving averages of $0.0016 and $0.0015 respectively. However, the stock is trading below the 200-Day moving average of $0.0028.
American Premium Mining Corporation (OTC:HIPH) Name Change Official, New Corporate Website Launched
The company was in focus yesterday after it announced that it had been successful in changing its name to the current one. In the past, the company was known as American Premium Water Corporation. The change in the company’s name seemed to have been welcomed wholeheartedly by investors and that was perhaps the reason behind the strong rally.
In this context, it is also necessary to point out that the company’s ticker symbol is going to remain unchanged and will continue to be HIPH. The company’s name change came close in the heels of American Premium Mining’s successful acquisition of the entirety of CloudXChangeDateCentre Inc. The company is involved in the crypto mining space and hence, the name change is perhaps going to reflect the company’s current focus. It may now be a good time for investors to perhaps add the stock to their watch lists and look out for further price action.
Key Quote
Ryan Fishoff, CEO of APM, commented, “The name change of American Premium Mining Corporation is complete! This is the start of a brand new era for the Company. The acquisition of CloudX is the beginning of a great turnaround for APM. Management is working to finalize the transaction and develop a long-term strategy to increase revenues from mining operations and provide mining related services to customers. Our goal is to make APM a market leader in the crypto-mining space. I look forward to providing more updates to shareholders in the coming weeks on the Company’s transition to crypto-mining.”
