Shares of Spectra7 Microsystems Inc (TSXV: SEV), engaged in delivering resolution and signal fidelity to consumer and wireless infrastructure products, recorded over 18.2% increase during each of the past two consecutive trading sessions with significant number of shares exchanging hands. SEV was the top performer of Canadian technology sector having gained 28.2% breaking the long term key technical resistance level of 200-Day DMA of C$0.46 indicating an uptrend. The stock closed at C$0.50 Wednesday, while recording significant trading volumes of 5.7 million shares. During the past 5-trading sessions, SEV gained 51.5% with daily average trading volumes of 4.2 million shares, while the stock accumulated over 28.2% during the past one month with daily average trading volumes of 776,313 shares.
Company Description:
Spectra7 Microsystems Inc. (TSXV: SEV) is a high performance analog semiconductor company. The Company’s product produces bandwidth signals to consumer and wireless infrastructure products, including handsets, tablets, base stations and microwave backhaul systems.
1-Year Stock Chart:
Source: Bloomberg
