Touchpoint (TGHI) Stock Climbed 114% Last Session, Any Reason?

The Touchpoint Group Holdings, Inc. (OTCQB: TGHI) stock closed Friday at $0.0300, up 114.29 percent from Thursday. TGHI stock has been trading in a day range of $0.0127 to $0.0330. TGHI stock soared by 88.68% in the past month; with over 3.56 million shares traded on average. In the last three months, the TGHI stock has gained over 88.68% and the average volume has been 1.91M.

The last twelve months haven’t been kind to TGHI stock, with a -7.67% fall in share price, touching a high of $0.0870 with a $5.97M market cap. TGHI stock surged after the company retained a mobile application aggregation firm for its urban transportation efforts.

How did the TGHI address urban transportation?

Touchpoint specializes in media technology acquisitions and software development. TGHI has subsidiaries operating as software development companies in the United States, Hong Kong, China, and the United Kingdom. In the sport and entertainment industry, TGHI provides a platform for enhancing fan engagement and driving commercial success.

The TGHI fan engagement platform also allows users to connect with clubs, favorite players, peers, and relevant brands using an array of features, such as live streaming, access to merchandise, gamification, rewards, credit card offers, and other forms of engagement.

As part of Touchpoint’s research and development of new urban transportation technologies, the company has retained a software developer and mobile application aggregator, AppSwarm, Corp. (OTC: SWRM). An agreement between TulsaLabs and TGHI explores the development of next-generation transport technologies for the commercial sector.

The World Championship Air Race (WCAR) was recently acquired by TGHI, allowing them to explore advancements in green power and aerial mobility, including electric powered aircraft, EVTOL (vertical takeoff and landing), and custom Jetpacks.

Projects related to NFT

Additionally, both companies will collaborate on projects involving non-fungible tokens (NFTs) within the entertainment industry. The recent phenomenon of celebrities using non-fungible tokens to tokenize everything from their music to artwork, to special live experiences has prompted digital artists to mint their own tokens.

TGHI’s newest acquisition:

An asset purchase agreement was recently completed by Touchpoint Group (TGHI) to acquire the World Championship Air Race (WCAR). TGHI’s majority owned subsidiary, Air Race Limited (Company), will take over management and operational roles for WCAR. As well, TGHI will assume the contracts for all key suppliers, local host cities, and participating teams. By using its extensive experience in audience engagement, Touchpoint (TGHI) plans to greatly enhance audience engagement as well as generate revenue for the race by developing new revenue-generating verticals.