Those who are looking into stocks which recorded considerable gains on Wednesday could do well to take a look at the EQ Labs Inc (OTCMKTS:EQLB) stock. The stock was in sharp focus yesterday and ended the day with gains of as much as 15% after investors piled on to it.
The rally was triggered by an announcement from the Marketing and Business Development division of the company with regards to the fact that an affiliation had been finalised with RangMe. It is a significant deal for EQ Labs considering the fact that RangMe is well known for operating one of the major product discovery and sourcing platforms.
The platform helps in suppliers and retailers connecting with each other and eventually growing their relationships. Investors possibly believe that such an affiliation could only be a positive for the company and that resulted in the rally in the EQ Labs stock. Mo Owens, who is the founder and the Chief Executive Officer of the company, spoke about the development as well.
He said that it is going to be an excellent opportunity by way of which EQ Labs is going to be able to showcase its product Last Shot.