Those looking into some of the major gainers over the course of the past week might have come across the IFAN Financial Inc (OTCMKTS:IFAN) stock. The stock was in the move yet again on Monday and ended the day with gains of 24%.
That took its gains for the past week to a healthy 38%. However, at the same time, it is important for investors to recognise that there has been no news at all about the company over the course of the past week and the move in the stock may well be speculative in nature.
However, it could be a good idea to take a look at the nature of the company’s business. IFAN Financial is primarily involved in the design, development and distribution of software products that are meant for enabling mobile payments.
The company works through a range of subsidiaries in order to conduct its business. The mobile payments space has grown at a remarkable pace in recent years and it can be argued that IFAN Financial is involved in a fast growing space. At this point, it is perhaps a god idea for investors to keep an eye on any news with regards to the company.
