Peak Fintech Group Inc (PKKFF) Stock Rockets 290% in a Month: But Why?

The growth in the fintech sector in recent years has been exceptional and if you are currently on the hunt for fintech stocks then it might be a good move to start tracking the Peak Fintech Group Inc (OTCMKTS:PKKFF) stock a bit more closely.

The innovative financial technology service provider has been in the middle of an exceptional rally over the course of the past month and during that period, its stock has clocked gains of as much as 290%. Yesterday, the stock was in the news once again after it announced its financial results for the fiscal quarter and the six month period, both of which ended on June 30, 2021.

The performance was strong and it could help in attracting more investors in the coming days. Peak Fintech managed to generate revenues of as much as C$30649179 in the second quarter and in addition to that, the company also eked out net income of C$296071. It was the first time in the history of Peak Fintech that it managed to eke out a net income and that is a major development for the company. It now remains to be seen if the stock can continue with its momentum and further add to its gains today.

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