On Monday, the diversified holding company PHI Group Inc (OTCMKTS:PHIL) made a major new announcement and the stock is likely going to come into focus among investors today.
Trading Data
On Monday, PHIL stock ended flat at $0.0009 with more than 82.24 million shares, compared to a volume of 194.75 million shares. The stock moved within a range of $0.0008 – 0.0010 after opening trade at $0.0010.
Recent News
The company was in the news on Monday after it announced that it had inked a business cooperation agreement with Vietnam-based conglomerate Tin Thanh Group. The agreement is an interesting one. As per the provisions of the agreement between the two parties, they are going to collaborate on speeding up the development of a range of solutions related to sustainable agriculture, climate change, energy security, and environment protection.
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The agreement could end up being a crucial one for the company in the long run and hence, it is going to be interesting to see if the PHI Group stock gets any action today or not. In this context, it is perhaps also necessary to note that Tin Thanh Group could well be the perfect partner for such projects.
The company is highly experienced in the renewable energy space and has worked in the sector for several decades. It has also worked extensively for the reduction of global emissions.
Key Quote
Tran Dinh Quyen, Chairman and Chief Executive Officer of Tin Thanh Group, stated: “We will surely move fast and do well to execute the cooperation in six categories under this agreement for both companies and the global society to profit from our circularity proposition (energy security, sustainable agriculture, environmental protection). The technologies we possess will bring tremendous economic and environmental benefits to many countries around the world in the near future.”
Technical Data
PHIL stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0014 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0045.
