In the past week, the Hello Pal International Inc (OTCMKTS:HLLPF) stock has been on the agenda for many investors and that can be seen from the price action in the stock. Yesterday, the stock continued on its explosive upward move and ended the day with gains of 25%.
The rally took its gains for the past week to as much as 35%. While the gains are considerable, it is also true that there has been no new development with regards to Hello Pal in the past week. However, back on August 16 the company had announced that it managed to generate revenues to the tune of $2,542,000 for the month of July.
The revenues had been generated through its cryptocurrency mining and live streaming services operations. In addition to that, it was also announced that the overall revenues generated by the company for the current fiscal year starting from March 1, 2021 up until July 31, 2021 came in at $12,334,363 and that again reflected a significant rise from the $3720783 in revenues that had been generated in the prior year period.
In addition to that, the gross margins that Hello Pal managed to generate from its live streaming and crypto mining operations stood at 8% and 61% respectively.