Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of mobile content and data intelligence company Mobile Streams plc (LON: MOS) are rallying on Monday after it announced a significant contract with Quanta Media Group Holdings to use its Streams data platform.
Mobile Streams share price is currently trading over 36% above Wednesday's close at 0.315p per share.
Mobile Streams said the deal with the developer of high-quality sports and iGaming products, content and destinations, is worth up to £480,000 over 4 years, with a minimum of £10,000 per month for at least a year. It will increase the company's monthly Streams revenue from April to an estimated £25,000 per month, an increase of 178% since December.
Additionally, the companies have identified opportunities to generate potential additional revenue from the Mobile Streams legacy business.
Nigel Burton, Mobile Streams Non-Executive Director, said: “We are extremely pleased to be able to announce this major contract. It's a great win for the Streams data business which has shown exceptional growth since the start for the year. In addition, we feel there is substantial scope to grow our partnership with QMGH to drive additional revenue from our legacy business assets.”
Should you invest in Mobile Streams shares? Mobile Streams shares are traded on the AIM market of the London stock exchange (the alternative investment market) which is the sub market specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Mobile Streams shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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