Shares of UrtheCast Corp. (TSX: UR), a provider of internet based services, witnessed an upward share price momentum during the past few trading session and broke both the short term technical resistance of 30 & 50 DMAs (Daily Moving Average) last week. The company’s share gained over 10% during the last two consecutive trading sessions with significant number of shares exchanging hands. In the last trading session, UR was the top performer in the Canadian technology sector after climbing 10.3% and closing at C$1.60 while recording huge volumes of 274,309 shares. During the last 5-trading sessions, UR gained 23.1% with 5-day average trading volumes of 107,351 shares, while the stock accumulated over 16% during the past one month with daily average trading volumes of 101,742 shares.
Company Description:
UrtheCast Corp. (TSX: UR) develops and publishes a high definition video web platform. The company’s platform offers live video feeds of Earth from space which will allow users to interface with social media.
1-Year Stock Chart:
Source: Bloomberg
