Magor Corp (TSX-V: MCC), a provider of visual collaboration solutions, is today’s top stock with significant share price rise breaking both the short term and long term Daily Moving Averages (DMAs). The stock jumped over 19% during the last two consecutive trading days with a greater than average number of shares exchanging hands. During the last trading session, MCC was the top performer in the Canadian technology sector having gained 19.4% breaking the 30 & 50-day (short term) and 200-day (long term) DMAs at C$0.31, C$0.32 & C$0.35 respectively. MCC closed yesterday at C$0.37 while recording huge volumes of 279,700 shares. During the past 5-trading sessions, MCC gained 39.6% with 5-day daily average trading volumes of 82,740 shares, while the stock accumulated over 7% during the past month with 30-day daily average trading volumes of 44,779 shares.
Recently, MCC announced an amendment in certain stock options granted to directors, officers, employees and consultants of the company. A total of 986,000 stock options that were to expire between October 5, 2014 and August 24, 2015 at an exercise price of $0.59 will be extended by one year with no change in the exercise price. Moreover, in partnership with Cumulus Solutions Inc., MCC has won the opportunity to deploy its cloud-based Aerus Service Delivery Platform (SDP) for a range of video and collaboration services throughout the State of Texas’ agencies, universities, counties, public school districts and other state funded entities.
Company Description:
Magor Corp (TSX-V: MCC) develops software-based video conferencing. The company offers visual collaboration systems.
1-Year Stock Chart:
Source: Bloomberg
