Fomo (ETFM) Soars 42% After Announcing This Big News

FOMO corp, which is all set to acquire SmartGuard Energy (OTC: ETFM), saw its stock soar considerably on Thursday following a key announcement with regards to SmartGuard.

FOMO announced that SmartGuard, with which the company has already signed a letter of intent regarding an acquisition, has signed a major new contract. Once the news broke, the FOMO stock soared by as high as 42% on Thursday and it is now likely that the stock is going to come into focus among many more investors today.

It emerged that SmartGuard signed a massive contract with one of the world’s biggest hospitality and gaming companies. The contract in question is projected to generate revenues to the tune of $20 million over the course of the coming years. Hence, it is easy to see why investors are excited about the FOMO stock, which is expected to take over SmartGuard. It now remains to be seen if the stock can end the week on a high today.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.

Want Hot Stocks?    Yes. I Love Them No thanks