HUMBL Inc (OTCMKTS:HMBL) Stock In Focus After Recent News

Anyone who is looking into penny stocks today may consider keeping track of the HUMBL Inc (OTCMKTS:HMBL) stock in light of the announcement the company made this past Friday.

Trading Data

On Friday, HMBL stock slumped 1.02% to $0.0145 with more than 4.02 million shares, compared to its average volume of 11.86 million shares. The stock moved within a range of $0.0135 – 0.0160 after opening trade at $0.0159.

HUMBL Launches Digital Collectibles Program with Samoa Rugby League Team

The company announced on the day that it had been successful in the launch of a NFT program of digital collectibles in association with the Rugby League Samoa Alliance. It will allow Samoa national rugby team fans from all over the world to get NFT collectibles related to their favourite players and keep those in their HUMBL digital wallets. It was a significant new announcement and it is something that may lead to a long term boost for HUMBL as well.

It was also announced that the NFTs in question are going to have the ‘Verified by BLOCKS’ authentication. The BLOCKS Registry is an important part of the whole project considering the fact that it would provide lifetime verification as well as tracking of the NFTs. Brian Foote, who is the Chief Executive Officer of HUMBL spoke about the latest project as well.

He noted that the company valued the new connection with Rugby League Samoa Alliance. He went on to add that it would also help in showcasing the value of the HUMBL wallet.

Key Quote

“We deeply value this connection with the Rugby League Samoa Alliance,” said Brian Foote, CEO of HUMBL. “This is a great opportunity to showcase our HUMBL wallet technologies, alongside a world class sports program, creating digital fan connections between North America, the Asia Pacific and around the world.”

Technical Data  

HMBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0183 and $0.0250 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0850.