The financial technology industry has attracted the attention of legions of investors in recent times and one of the stocks that you could look into today is that of Majic Wheels Inc (OTCMKTS:MJWL).
The company is involved in both financial technology and software development and yesterday, the stock was in sharp focus among investors despite there being no news. Investors piled on to the stock in a big way yesterday and sent it soaring by as much as 22%. In this situation, it is perhaps a good idea to take a look at the company’s business a bit more closely.
The company is looking to bring disruption to the pair of industries in which it is involved through strategic acquisitions. Earlier on this month the company provided an update to its shareholders with regards to the work that has been done in the first phase of its CGX Cryptocurrency Mining Operations.
It is one of the more ambitious projects that the company is working on at this point in time. It is a big project that is going to be involved with the mining of a range of cryptocurrencies. It now remains to be seen if the Majic Wheels stock can maintain its momentum in the coming days.