The enormous gains made by the Axis Technologies Group Inc (OTCMKTS:AXTG) stock yesterday is likely to bring it into sharp focus among many investors today and hence, it might be the right time to take a closer look at it.
Yesterday, the Axis Technologies stock was in considerable focus among investors after the company executed a pair of share exchange agreements and ended the day with gains of as much as 130%. The share exchange agreements in question were executive with T8 Exchange Pay Ltd and TienChat Pte Ltd. Following the execution of these agreements, both T8 Exchange and TienChat are going to turn into fully owned subsidiary companies of Axis Technologies.
These two transactions are further proof of the company’s commitment towards developing decentralized finance and blockchain through the acquisition and development of certain companies. More importantly, the investors are also excited about the transaction from Axis Technologies and that perhaps explains the remarkable rally in the stock on Tuesday.
However, it is now going to be interesting to see if the Axis stock can manage to hold on to its momentum and add to its gains over the coming days. Investors could consider keeping an eye on the stock over the coming days.
Market Reaction:
On Tuesday, AXTG stock soared 130% at $0.0690 with more than 18.70 million shares, compared to its average volume of 703k shares. The stock has moved within a range of $0.0321 – 0.1825 after opening the trade at $0.0360. Over the past 52-week, the stock has been trading within a range of $0.0003 – 0.1825.
 Stock Rockets 130%: What’s The Buzz?){kind=link}