On Monday, the artificial intelligence and machine learning powered financial technology solutions provider QuantGate Systems Inc (OTCMKTS:QGSI) was in considerable focus among investors.
There was no news about the company yesterday but the QuantGate stock made a big move nonetheless and ended the day with gains of as much as 25%. While there was no news it might be a good time for investors to take a look at an announcement from the company last week. On August 25 the company announced that closed convertible debentures to the tune of as much as $1,619,513.
In this regard, it should be noted that the transaction had actually been announced by the company as far back as November 15, 2019. In addition to that, QuantGate also managed to bring in as much as $1,000,000 by way of a private placement of a non-brokered nature from a private investor.
It is easy to see why such an announcement might have led to excitement among investors and it now remains to be seen if the QuantGate stock can hold on to its momentum over the course of the coming days. At this point, investors could do well to add the stock to their watch lists.