Stock markets often see major moves in certain stocks despite there being no news about the companies involved and that that is what happened with the Vita Mobile Systems Inc (OTC: VMSI) stock this past Friday.
Although there was no news, investors seemed to pile on to the Vita Mobile stock on Friday and it rallied by as big as 91%. In such a situation, it is often advisable to have a better idea about the company and its business. The company is involved in the digital imaging space that is meant for mobile devices. On the other hand, it also works in the big data collection and artificial intelligence development industries.
Last September, the company also announced that it reached an investment agreement with Tangiers Global Inc. The financial firm is based out of San Diego and helps with the expansion as well as funding needed by small-cap companies.
Finance and Entertainment Reporter
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