Legend Power Systems Inc (TSXV: LPS), an electrical energy conservation company, has gained a strong share price momentum during the past few trading sessions climbing more than 450% in 2014 till date. We note that the stock gained more than 7% touching its new 52-week highs during each of the past two consecutive trading sessions with massive number of shares. LPS was among the top performer in the Canadian industrial sector after jumping 10.7% Tuesday and ended at its 52-week high of C$0.72 while recording significant volumes of 256,509 shares. During the past 5-trading sessions, LPS gained 15% while recording daily average trading volumes of 102,140 shares, while the stock accumulated over 33% in the past one-month with daily average trading volume of 130,062 shares. Moreover, the company’s recent working partnership with Energy Optimisa, a South African voltage optimization company, for building a substantial market for LPS’s Harmonizer in South Africa and Sub-Sahara Africa may boost the company’s share price providing a steady growth opportunity.
Company Description:
Legend Power Systems Inc (TSXV: LPS) is an electrical energy conservation company. The company has developed a patented device to help reduce electric bills, maintenance costs and greenhouse gases.
1-Year Stock Chart:
Source: Bloomberg
