Firma Holdings Corp (OTCMKTS:FRMA) Stock Soars After The Acquisition News

If you are currently looking into stocks which may have made significant gains on Thursday then it is difficult to look past the Firma Holdings Corp (OTCMKTS:FRMA) stock. The company came into focus yesterday after it emerged that it had completed the acquisition of the Mauritius regulated Pure North Markets Limited.

Trading Data

On Thursday, FRMA stock surged 137.50% to $0.0190 with 226.25K shares, compared to its average volume 19.98K shares. The stock moved within a range of $0.0120 – 0.0190 after opening trade at $0.0145.

Firma Holdings Corp. Acquires Fintech Brokerage Firm Pure North Markets Limited

Pure North markets is an innovative financial technology brokerage firm and offers its brokerage services for crypto derivatives, foreign exchange, stocks, commodities and indices. The new about the acquisition came as a source of considerable enthusiasm for market participants and the Firma Holdings stock soared by as much as 138% as investors piled on to it in a big way.

In light of such gains, it may be a good idea to take a much closer look into Pure North Markets. The company started its operations in the Middle East, Asian and African markets and not too long ago, it had made an entry into the Southeast Asian and South American markets.

The company is also well known for providing state of the art support and services to all its clients so as to provide an excellent experience. It is going to be interesting to see if the Firma Holdings stock adds to its gains today or not.

Key Quote

Robbie Vee, CEO of Pure North Markets Limited said, “Pure North group has been keeping pace with the constantly evolving financial markets and making strategic connections to remain competitive. The acquisition of Pure North by FIRMA will accelerate our efforts to become a leading provider of financial assets in the global market. Our trading conditions, educational services and trading tools have been key drivers for our growth in past years. We are extremely delighted about the acquisition of Pure North Markets Limited by FIRMA, a US listed entity, as the collaboration will fuel our growth into the future. The corporate governance and compliance experience of a public limited entity will help Pure North’s expansion in the global markets in a sustainable and compliant manner. We aim to onboard 120,000 users in 2023 and will be deploying several initiatives to ensure stakeholder’s value creation are achieved at every stage.”