Today, we feature Synodon Inc (TSXV: SYD), a Ubika Research covered natural gas pipeline monitoring company, as today’s top momentum gainer since the stock gained more than 15% touching its new intraday 52-week highs during the last two consecutive trading days with far more shares changing hands than in a normal session. SYD was the top gainers in the Canadian energy space after gaining 14.9% yesterday and closed at its 52-week high of C$0.43 while recording significant volumes of 1.36 million shares. During the past 5 trading sessions, SYD surged 30.7% with daily average traded volumes of 644,784 shares. A strong momentum is witnessed in the stock during the past one month since it has accumulated over 124% during the period with daily average volumes of 564,928 shares. The stock is covered by Ubika Research with a price target of $0.74, indicating a significant upside potential 72% from current levels. Please visit the following hyperlink to view company profile, news and other details for SYD.
Company Description:
Synodon Inc (TSXV: SYD) a remote sensing technology company offering natural gas pipeline monitoring services. The company has developed a platform technology called realSens (Technology) that is capable of measuring small ground-level gas concentrations from an aircraft flying up to 300 meters in altitude.
1-Year Stock Chart:
Source: Bloomberg
