Cabo Verde Capital Inc (OTCMKTS:CAPV) Stock Rockets 40%: What’s The Buzz?

It was another day filled with action in the markets and many stocks emerged as significant gainers. One of the notable gainers on Monday was the Cabo Verde Capital Inc (OTCMKTS:CAPV) stock, which ended the day with gains of as much as 39% amidst heavy action.

Market Stats

On Monday, CAPV stock soared 38.71% at $0.1179 with more than 1.36 million shares, compared to its average volume of 282k shares. The stock has moved within a range of $0.0859 – 0.1185 after opening trading at $0.0880.

Cabo Verde Capital Inc. Acquires Vyre Network – the ART of STREAMING CULTURE

In this situation, it could be a good move to take a closer look at the announcement made by the company yesterday. The company announced that it had signed a binding letter of intent with regards to the acquisition of the company VYRE Network. VYRE network runs a global digital distribution service that is free of cost and also works in the production of a considerable volume of exclusive content meant for streaming purposes.

It could prove to be a significant acquisition for Cabo Verde considering the fact that VYRE produces content that appeals to the new and younger generations. On the other hand, it should also be noted that VYRE is looking to construct a business in which manages a portfolio of high quality content and then distributes it all over the world. The company also seeks to close the gap between content creators and distributors.