HUMBL Inc (OTCMKTS:HMBL), which had once been one of the more active penny stocks in the market, is back in focus once again and this time it is due to a key partnership that it had entered into last month.
On Friday, HMBL stock gained 0.25% to $0.0200 with more than 6.63 million shares, compared to its average volume of 10.22 million shares. The stock moved within a range of $0.0194 – 0.0210 after opening trade at $0.0210.
HUMBL and Great Foods2Go Announce Strategic Technology Partnership
Back on September 26, the company had come into focus after it announced that it had formed a strategic technology partnership with the firm Great Foods2Go. As per the provisions of the agreement between the two parties, the search engine, marketplace technologies and mobile apps from HUMBL are going to be integrated for providing support to Great Foods2Go. In addition to that, the support is going to be extended to 1Delivery as well, the sub-brand of Great Foods2Go.
The entire spectrum of the HUMBL platform is going to be utilized in this particular partnership. HUMBL Marketplace technologies, HUMBL Pay, HUMBL Search Engine and HUMBL Wallet are all going to be utilized. In the initial stages, the partnership is going to be focused on the cloud kitchen that is located in San Diego in California. That cloud kitchen currently delivers in excess of 2000 order a month and does so across as many as 30 virtual brands.
HMBL stock is below the 20-Day and 50-Day Moving averages of $0.0291 and $0.0.0481 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1196. The company has a total market capitalization of $33.74 million.