IDGlobal Corp (OTCMKTS:IDGC) Stock Gets High Volume: A Positive Signal?
IDGlobal Corp (OTCMKTS:IDGC) was in focus among investors yesterday after the company made a key announcement and the stock rallied accordingly as well. The company announced yesterday that from August 13, 2021, it will start uploading its financial documents onto the OTC Markets Platform. However, that was not the only announcement from IDGlobal yesterday.
The company also made a major announcement with regards to the fact that its fully owned subsidiary company Azure Blockchain launched a procurement service by way of which Hosting Services, as well as Cryptocurrency Mining Equipment, are going to be placed with its partners. The partners are going to pay a participation fee for the services. It goes without saying that both these announcements were significant developments for IDGlobal and hence, it was no surprise that the stock ended the day with gains of as much as 27%.
In the press release from IDGlobal, the company noted that it has laid the groundwork for the future and apologized for having been late in making the actual announcement. However, IDGlobal was quick to add that at this point the company is involved in the development of private as well as public blockchain and was also working on the work of monitoring cryptocurrencies that are specific to certain companies.
The company believes that the delay in making the announcement was worth the wait since IDGlobal foresees a very ‘exciting future. In light of these developments and the rally in the stock investors could do well to keep the stock in their sights.
HPIL Holdings (OTCMKTS:HPIL) Stock Makes an Interesting Move: What Next?
There are plenty of investors who are almost always on the hunt for stocks with strong momentum and for good reason too, considering strong momentum can often last for an extended period. One of the stocks to have shown great momentum in recent times is the HPIL Holdings (OTCMKTS:HPIL) stock.
The stock was on the move on Wednesday and ended up with gains of as much as 27%. The rally in the HPIL stock yesterday took its gains for the past week to as much as 52% and in light of such gains; it could be a good time to take a closer look at the company. Yesterday, the company was in the news after it announced that the application that it sent into the OTCIQ was approved.
In addition to that, the Chief Executive Officer of HPIL also stated that the company is going to continue to as the parent company of Medusa Artificial Intelligence, NFT Procurement, Cybernetic Technologies, World Gaming Group, and Apogee Dynamics.
He went on to add that the company is proud of its achievements in a relatively short period of time. In this context, it might also be important to point out that last month Cybernetic Technologies had also announced the launch of Medusa Intel Technology. That company is going to be a fully owned subsidiary which is going to be involved in the artificial intelligence space. Artificial intelligence is a fast-growing industry and HPIL’s entry into it is a significant step.