One of the stocks that emerged as a notable gainer on Monday was that of Digitrade Financial (OTCMKTS:DIGAF). The company announced yesterday that it signed an exclusive territory sales and marketing deal for the United Kingdom market with Securter Systems.
The deal is going to last for a period of 5 years and it sparked tremendous interest in the stock on Monday. The Digitrade stock soared by as much as 66% and it might be the right time for investors to look into the company a bit more closely. In this regard, it might also be important to point out that the company is also a majority shareholder in the company SSI.
That being said, it is also necessary to keep in mind that SSI has the option of buying out the license by paying Digitrade the Regions Net Profits three times over. It is a major new deal for Digitrade and one that has brought the company into considerable focus among investors. It is going to be interesting to see if the stock can continue to add to its gains over the course of the coming days. Investors could do well to keep an eye on it.
Market Reaction:
On Monday, DIGAF stock soared 66% at $0.0054 with more than 61.56 million shares, compared to its average volume of 10.08 million shares. The stock had moved within a range of $0.0032 – 0.0060 after opening the trade at $0.0032. Over the past 52-week, the stock has been trading within a range of $0.0010 – 0.0320.
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