Photon Control Inc (TSXV: PHO), a semiconductor devices company, is featured as today’s top momentum gainer since the stock gained more than 8% touching its new intraday 52-week highs during the last two consecutive trading days with far more shares changing hands than in a normal session. PHO was among the top gainers in the Canadian technology space after gaining 8.1% in the last session and closed at its 52-week high of C$0.40 while recording significant volumes of 1.06 million shares. During the past 5 trading sessions, PHO gained 25% with daily average traded volumes of 808,275. A strong momentum has been witnessed during the past one month after the stock accumulated over 40% with daily average volumes of 283,021 shares.
Company Description:
Photon Control Inc (TSXV: PHO) develops products which incorporate switches and sensors made from polymer optical fibers and plastic components. The company has developed the core technology for its initial medical applications. Photon Control’s products include industrial explosion-proof switches and fiber optic products for the medical market.
1-Year Stock Chart:
Source: Bloomberg
