There are many companies that have already come into focus this morning owing to one piece of news or another other and one of those is All Star Health Brand Inc (OTC:ALST). The company made an announcement this morning with regard to its metaverse-based Sports Mega Mall, which is going to be showcased on November 17, 2022.

Market Reaction

On Tuesday, ALST stock fell 13.65% to $0.019 on a hefty volume of 55.60 million shares, compared to its average volume of 5.99 million shares. The stock moved within a range of $0.0019 – $0.0033 after opening trade at $0.0022.

All Star Health Brand announced that it had roped in the NFL Tailgate Mobile Developers for working on the project. It was a significant new announcement from the company and one that could come as a source of considerable excitement for investors.

In this situation, it should be noted that All Star Health Brand had teamed up with Advent Galaxy for the purpose of developing a highly advanced 3D Metaverse Sports Village. The project is powered by XR-Labs.

The Metaverse Sports Village is going to be a platform which is going to allow people to buy sports-related merchandise and other items. In addition to that, it would be possible to sell as well as play with some of the biggest sports brands in the business. The latest deal is another indication of the fact that the project is attracting some of the biggest names in the sports industry in general.

In this regard, it should be noted that the NFL Tailgate Mobile Developers is a highly successful operation and thus far it has managed to generate as many as 40 million downloads in Red Bull games.

This partnership is going to help bring high-quality gaming to the Sports Village that All Star Health Brand is working on along with Advent Galaxy. It is expected to lead to the development of a highly competitive gaming experience and it may be a good idea for investors to keep an eye on further developments.

Traders Review

ALST stock is trading below the 20-Day and 50-Day Moving averages of $0.0023 and $0.0025 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0054.

By Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for more than a decade on several financial projects related to stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI.

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