There were a number of stocks which managed to clock significant gains on Wednesday and one of those was the QuantGate Systems Inc (OTCMKTS:QGSI) stock as it ended the day with gains of as much as 15%.
Trading Data
On Wednesday, QGSI stock surged 15.41% to $0.0603 with more than 152K shares, compared to its average volume of 43K shares. The stock moved within a range of $0.0515 – 0.0645 after opening trade at $0.0530.
QuantGate Systems Enters into Joint Venture with Darkhorse Technologies
The company, which is involved in artificial intelligence, Fintech solutions and machine learning, came into focus yesterday after it announced that it signed a digital asset joint venture agreement. The agreement in question was signed with the company Darkhorse Technologies Ltd. As per the terms of the agreement, the two companies are going to be involved in creating the globe’s first algorithm based tokenised trading signal platforms that are specific to the blockchain and cryptocurrency spaces.
It goes without saying that the development is a significant one for QuantGate and could propel the company to new heights eventually. Hence, it was perhaps not a complete surprise that the stock experience considerable action on Wednesday. QuantGate is going to be responsible for the proprietary signals that are based on algorithms. At this point in time, it could be a good move from investors to consider adding the stock to their watch lists and then keep an eye on the developments on this front.
Key Quote
David van Herwaarde, CEO at Darkhorse commented: “Darkhorse is strategically positioning itself as a technology provider to existing businesses looking to migrate into the Crypto economy. QuantGate has built some incredible Artificial Intelligence assets, and this Venture is an opportunity for both our businesses to use each other’s know how to expand our market presence.”
Technical Data
QGSI stock is trading above the 20-Day and 50-Day Moving averages of $0.0500 and $0.0582 respectively. However, the stock is below the 200-Day moving average of $0.0988.
