This morning it may be a good idea for investors to take a look at some of the stocks which managed to make strong moves on Wednesday before the start of trading. There were a number of stocks which managed to make strong moves yesterday and one of those was the American Premium Mining Corporation (OTCMKTS:HIPH) stock.
It attracted considerable attention from investors yesterday and managed to clock gains of as much as 8%. It is quite likely that investors are going to be looking into the American Premium Mining Corporation and hence, it might be the right time to consider taking a closer look at the company’s business. Following that, investors could take a look at recent developments which may have had an impact on the price action in the stock.
Trading Data
On Wednesday, HIPH stock moved up 7.70% to $0.0014 with 22.81 million shares, compared to its average volume 2.01 million shares. The stock moved within a range of $0.0013 – 0.0017 after opening trade at $0.0014.
About The Company
American Premium Mining Corporation is involved in the cryptocurrency sector and is mainly engaged in supporting the blockchain ecosystem. The company accomplishes this by providing proof of stake and proof of work mining with regards to cryptocurrencies. In the past the company had been known American Premium Water Corporation but in May this year it changed its name to the present one. The company is based out of Playa Vista in California.
American Premium Mining Corp. to Adopt New Corporate Name and Identity as American Wealth Mining Corporation to Better Reflect Diversified Business Focus
As it happens American Premium Mining Corporation was in fact in the news yesterday and that was what possibly led to the gains made by the stock. The company announced yesterday that its Board of Directors had approved a move by way of which it could expand intot he financial technology space.
The company also seeks to move into other platforms which could allow the customers to work on the cultivation of growth of personal wealth. American Premium Mining Corporation has termed the initiatives it has planned in this direction as ‘Wealth Mining’. These activities are meant for complementing the crypto activities that it already has in place in Singapore. In addition to that, it was also noted that American Premium Mining Corporation was looking into expand its crypto activities in other parts of the world where it could access renewable energy at a low cost.
In order to build its ‘wealth mining’ strategy the company is going to work on the development of a ‘Hapi Wealth Builder’ program. The program in question is meant for individuals who are interested in building wealth at a micro level. The members who join the program are going to be able to use exclusive tools and a knowledge base which are specifically meant for the purpose of growing personal wealth.
However, at the same time, American Premium Mining Corporation was quick to point out that the program is going to be completely educational in nature and will not direct the participants to make specific investment. In addition to that, American Premium Mining Corporation also announced that it had come to an agreement with the master franchisor of Hapi Café in the North American market, Sharing Services Global Corporation. This will help the company in launching Hapi Café franchisees in New York State.
Technical Data
HIPH stock is trading above the 20-Day and 50-Day Moving averages of $0.0012 and $0.0013 respectively. However, the stock is trading below the 200-Day moving average of $0.0018. The company has a total market capitalization of $6.45 million. The stock is down 27% over the past 3-month.
