26-03-2025
Shares Of This Software Company Found Serious Mid-Week Success
A software company based out of Tennessee turned a lot of heads on Wednesday after the company reported better-than-expected FY24 sales results. Seeing that fundamental deep dives aren't necessarily too common when it comes to penny stocks, it was refreshing to see traders snatch up shares of the micro cap.
Shares of SurgePays Inc. (Nasdaq:SURG) found a tremendous amount of success following the announcement, with shares closing up at $2.35/share (+70.29%).
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.
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