This morning, many investors are expected to be tracking the TGI Solar Power Group Inc (OTCMKTS:TSPG) stock after it emerged as one of the major gainers this past Friday. At the time the company had managed to clock gains of as much as 18% and it is going to be interesting to see if the stock could manage to add to its gains this week.
Trading Data
On Friday, TSPG stock up 17.50% to $0.0047 with 381.96K shares, compared to its average volume 711.35K shares. The stock moved within a range of $0.0044 – 0.0049 after opening trade at $0.0049.
TGI Subsidiary Advent Galaxy/XR-Labs Reached Agreement to Develop Multiverse Based “E-commerce and Dealers Network Sales Center” for PENERRA Corp.
The company came into focus after it announced that its fully owned subsidiary unit Advent Galaxy Inc had reached an agreement with the firm PENERRRA Corp for the purpose of developing E-commerce and dealer network sales center based on the multiverse.
As per the terms of the agreement, Advent Galaxy is going to be involved with the project for three years during the course of which it would be responsible for servicing, maintenance, and development of networks for PENERRA.
In addition to that, it had also been agreed that TGI Solar Power Group would also be given an option to pick up as much as 15% of the issued and outstanding shares in PENERRA for a period of three years. The expiration date for the same was set for September 1, 2025.
Key Quote
XR-LABScoupled with Advent Galaxy’s”3D Metaverse Platform Technology”will bring a world class “MetaVerse micro-mobility: electric bicycles and electric motorcycles, as well as elctric vehicles Shopping Experience” to consumers. The “EVTOmobility Mall” will be part of ADVENT EXPO and will offer a one-of-a-kind 3D Metaverse Experiences with AI Avatars, E-commerce and NFT shopping capabilities. Furthermore, as part of ADVENT EXPO, the companies will explore live streaming of various sales and entertainment events that are currently unavailable in local marketplaces.”
Technical Data
TSPG stock is trading below the 20-Day and 50-Day Moving averages of $0.0047 and $0.0047 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0050. The company has a total market capitalization of $8 million.
