The small Canadian tech stocks we’ve identified have seen their share price increase by at least 13% over the past week
SmallCapPower | March 9, 2020: It has been a tumultuous couple of weeks for North American stock markets, with the TSX Composite index plunging 10%, officially placing it in correction territory, since its all-time highs at the beginning of February. However, there have been some small cap stocks that have gone against the market and faired well over the past week. Today we have identified five Canadian tech stocks that have rallied over the past month on increased price and volume momentum. Price and volume momentum indicate bullishness, as increased share prices on higher volume shows heightened investor interest in a stock.
*Share price data as at March 5, 2020, data obtained from S&P Capital IQ
Intermap Technologies Corporation (TSX:IMP) – $0.265
Intermap Technologies is a geospatial information technology company that provides geospatial solutions and analytics globally. The Company two main product offerings are InsitePro, a configurable insurance underwriting software and NEXTView, a configurable data solution. Intermap’s geospatial solutions are used in a range of applications, including location-based information, geospatial risk assessment, geographic information systems, engineering, utilities, global positioning systems maps, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization.
Bragg Gaming Group Inc. (TSXV:BRAG) – $0.24
Interactive Media and Services
Bragg Gaming Group is a Canada-based gaming company formed by a group of gaming industry veterans. Built on the foundation of recently-acquired Oryx, a turn-key gaming solution provider, the Company is focused on the emerging area of legalized U.S. sports betting and eSports. In addition to Oryx, the Company also has a previously-acquired asset, GIVEMESPORTS, a high-traffic sports media page hosted on Facebook with over 33.6M users visiting each month. By utilizing its recent acquisition of Oryx, the Company has also developed a proprietary gaming platform, GIVEMEBET, which is expected to leverage GIVEMESPORT’s large following and monetize users who may transition into online gaming and sports betting.
QYOU Media Inc. (TSXV:QYOU) – $0.045
Entertainment and Media
QYOU is a media company focused, via its 82% owned subsidiary QYOU India, on ‘Young Indians’ being the approximately 400M 20 to 30 year old’s who are a subset of the Millennial and Gen Z market in India. QYOU Media produces ‘The Q India’, a Hindi-language television channel and VOD library that is now available to approximately 500 million device holders (satellite and cable distribution footprints as well as mobile phone and OTT [over-the-top] streaming portals) of which we estimate 65% of device holders are ‘Young Indians’. The Q India was launched three years ago by industry veterans from Lionsgate, MTV, Sony and Disney with a four-part strategic plan and is now, after having successfully executed Phases One to Three, poised to enter Phase Four of its plan — the monetization phase via advertising sales. We believe investors have completely overlooked what has been built in the last three years and the massive potential that is about to be exploited.
Siyata Mobile Inc. (TSXV:SIM) – $0.285
Siyata Mobile develops and provides cellular communications solutions for enterprise customers. The Company offers vehicle-mounted cellular based communications platforms over advanced 4G mobile networks. The Company also provides 4G/LTE devices, such as Uniden UV350, and Uniden CP250, a vehicle communication device that delivers cellular voice calls, push-to-talk over cellular, data applications, navigation, and built in camera. In addition, it offers Uniden cellular signal boosters and accessories for homes, buildings, manufacturing facilities, and vehicles with poor cell coverage. Siyata serves cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets in Israel, Europe, Australia, New Zealand, Canada, and the United States.
Quisitive Technology Solutions, Inc. (TSXV:QUIS) – $0.50
Quisitive is a digital technology consulting firm that provides organizations with Microsoft Cloud (Azure, Dynamics, and Office 365) solutions, as well as proprietary software as a service (SaaS) solutions and cloud data services. Quisitive is one of 35 companies to have earned the “National Solution Provider” designation from Microsoft. Quisitive helps its clients harness the power of the Microsoft cloud and technologies, such as artificial intelligence, machine learning, IOT, and blockchain through customized solutions. Quisitive’s goal is to become the premier Microsoft Solutions provider, and is planning to scale organically and through acquisitions. On January 1, QUIS announced that it had closed its acquisition of Menlo Technologies, a provider of Microsoft technology, corporate consulting, and business software and systems. To read our article on QUIS click here.
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