The world of investments has evolved at a breathtaking pace in recent years and nowadays, most professionals, institutions, and private investors need significant software support in order to accomplish their work. One of the companies to have emerged as an important player in this industry is Spooz Inc (OTCMKTS:SPZI), which is currently best known for providing a wide range of solutions for trading purposes.
The company not only develops but is also involved in the distribution and selling of software solutions that help with market analyses, trading, and support for making trading decisions. The company’s flagship product is SpoozTools technology and is used for the purposes of trading a wide range of securities starting from futures and options to mutual funds and cash bonds among others.
So, as you can see, Spooz is a company that could have considerable growth in the coming years owing to its proprietary software solutions. Hence, it may be a good time to take a look at some of the recent developments with regards to the company and then make up your mind about the stock.
Strategic Relationship with Crawford Ventures
There has not been much news about Spooz in recent weeks but back on November 16 last year, the company had announced that it had gone into a strategic partnership with the firm Crawford Ventures and Evan Katz, its founder.
As per the provisions of the partnership, Crawford Ventures is going to help Spooz the designing, structuring, growth and investments in the newly established Spooz Commodity Assets Pool LLC.
Acquires Prime Niobium Mining Development Property
While that was a significant development, it should not be ignored that back on October 28, 2021, Spooz had announced that it had managed to complete the acquisition of a prime niobium mining development property. Niobium is one of the more highly sought-after rare earth elements and is used quite widely in many industries.
Hence, the acquisition from Spooz could in fact prove to be a significant one. It may be a good idea for investors to consider adding the Spooz stock to their watch lists at this point time and keep an eye on the price action.