We feature POET Technologies Inc (TSXV: PTK), a semiconductor devices company, as today’s top momentum gainer since the stock gained more than 7% touching its 52-week highs during the last two consecutive trading days with huge number of shares exchanging hands.
PTK was among the top gainers in the Canadian technology space during yesterday’s trading session after gaining 10.3% and closed at its 52-week high of C$2.25 while recording significant volumes of 2.5 million shares. During the past 5 trading sessions, PTK gained 36.4% with daily average traded volumes of 2.03 million shares, while the stock skyrocketed over 74% during the past one month with daily average volume of 1.37 million shares.
Company Description:
POET Technologies Inc (TSXV: PTK) produces semiconductor chips. The company developed a platform that combines electronics and optics onto a single chip.
1-Year Stock Chart:
Source: Bloomberg
