NFT Exchange Platform Launch Sends Parent Company Stock Flying

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, April 21, 2022

A Florida-based micro cap just made a pretty major announcement about one of its subsidiaries. It was announced this morning that Belfrics Group, one of India’s early adopters of blockchain and cryptocurrency, has launched a Non-fungible Token (NFT) exchange platform – BelNFT. This sent shares of the parent company, Life Clips Inc. (OTCPK:LCLP) soaring on Thursday.

Life Clips Inc. operates in the business of digital devices to capture videos and pictures. It offers a varied range of cameras, batteries, and adapters. The firm focuses on the marketing of the HP-branded cameras as well as the Mobeego branded batteries in the United States as well as internationally. In addition, it also operates in the energy unit product division which consists of a custom designed plastic casing, shaped like a small can of energy drink, hosting a powerful lithium battery for charging mobile devices.

Traders were bullish on the news as shares popped up to $0.0115 (+47.44%) at the early session high. This move comes just as shares seemed to have bounced off of long-term support earlier this week, so it could be an indication of things to come!

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