TechX Technologies (TECXF) Stock Makes a Sudden Jump: But Why?

Those who are looking into yesterday’s gainers before starting the trading session today could consider keeping an eye on the TechX Technologies Inc (OTCMKTS:TECXF) stock.

The TechX stock had a strong move yesterday and went up by as much as 21% after it emerged that the company inked a definitive agreement with regards to the acquisition of Mobilum OÜ. Mobilum is a financial technology start-up and the acquisition is going to be made in a deal worth C$16 million.

The optimism around the deal is easy to understand when one looks into Mobilum and its business in some detail. The company has created an easy-to-use plug-and-play gateway that allows in seamless processing and payment of crypto to fiat payments. The sort of services provided by Mobilum is also going to help in businesses attractive customers who buy and sell cryptocurrencies. The stock is expected to be in focus among many investors today after Wednesday’s performance.