Home Financial Markets Penny Stocks What Prompted AnalytixInsight (ATIXF) Stock To Rise 17% On Monday?

What Prompted AnalytixInsight (ATIXF) Stock To Rise 17% On Monday?

Stock of Artificial Intelligence and machine-learning firm AnalytixInsight Inc [OTCQB: ATIXF] stock was booming at the previous close as it surged 17.37% to $0.8040. The AnalytixInsight stock recorded Volume of 235.63K against the 30-day Average Volume of 83.20K. During the last 52-week period the ATIXF stock value ranged from $0.1701 to $0.9931. Receiving regulatory approval by one of its affiliates in Italy drove the ATIXF stock higher.

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What was the approval for?

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Based on market price information and regulatory filings, CapitalCube.com’s financial analytics platform of AnalytixInsight creates actionable narratives and research on approximately 50,000 global companies and ETFs, providing high-quality financial research and content for investors, financial portals, and media. Also designed and implemented by ATIXF are Workforce Optimizing solutions for global enterprises. At present, ATIXF holds 49% of the shares in MarketWall, a company that provides FinTech solutions for working capital management.

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On Monday, AnalytixInsight announced that its FinTech affiliate MarketWall’s online broker InvestoPro SIM has been given approval by the Italian regulator.

The approval came from the Italian financial markets regulator CONSOB (Commissione Nazionale per le Società e la Borsa). Stocks, options, and derivatives will all be available in Italy through InvestoPro, and soon in other European countries.

A stock trading and analysis platform, InvestoPro was designed to offer investors comprehensive tools for investing including financial analysis, news, research, and education. A wholly-owned subsidiary of MarketWall, InvestoPro is multi-device capable and flexible, as well as a native and progressive web application.

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Conclusion:

With over 3 million monthly users, InvestoPro already established itself as a trusted source of investment information and expert editorial content. As Samsung Electronics’ partner, several MarketWall financial apps are preloaded on Samsung’s devices, a factor that also benefits InvestoPro. AnalytixInsight (ATIXF) owns 49% of MarketWall, and ultimately all these initiatives will succeed and benefit ATIXF.

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