Companies often see their stocks soar after they make key announcements with regards to their business strategy and that is what seemed to have happened with the iQSTEL Inc (OTC: IQST) stock on Thursday.
The company, which is involved in providing fintech, blockchain, telecom, and technology solutions, saw its stock soar by as high as 24% after it made an announcement with regards to its Mergers and Acquisitions strategy.
It should also be noted that the iQSTEL stock has also been one of the major gainers this year, having delivered gains of as cosmic as 275%. On the other hand, iQSTEL also noted that the projected revenue of $60.5 million for 2021 does not take into account any revenue addition from the possible acquisitions that could be made by the company. That being said, the mergers and acquisitions strategy from the company could see the company exceeding the projections. Hence, it was no surprise that the stock soared yesterday on the back of the announcement.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.