Fomo (ETFM) Gains Momentum On High Volume: Are You Excited?

The Fomo Corp (OTC: ETFM) stock emerged as one of the eye-catching gainers on Monday as it soared by as much as 38% amidst heavy activity.

However, it is also necessary to keep in mind that there was no news about the company on Monday that could have resulted in such a strong rally. While that may be the case, investors could do well to take a look at a major development with regards to Fomo Corp in February. At that time, the company announced that it reached an agreement to acquire the firm SmartGuard Energy LLC. In this regard, it should be noted that Fomo has already acquired Independence LED Lighting and is on the verge of acquiring EcoLite.

The company believes that these acquisitions are going to help the company in its capability of providing solutions to smart and clean energy buildings that are being promoted by the United States government. The Fomo stock could well be one to watch out for in the coming months.

Jack Dawkins

Finance and Tech Contributor