News from the Canadian tech juniors on our list along with their growth potential seem to have caught the Street’s attention
SmallCapPower | February 6, 2017: Over the past month, the Canadian tech juniors on our list have seen a flurry of investor activity. Trading at larger-than-average daily volumes following positive news and forecasts, the tech names we’ve identified represent one of the fastest-growing sectors of the economy.
Cortex Business Solutions Inc. (TSXV: CBX) – $3.97
Cortex Business Solutions Inc. (Cortex) is a Canada-based company, which is engaged in the business of e-commerce products and services that streamlines procurement and supply chain processes for its customers in both Canada and the United States. The Company offers an online network that helps companies connect and interact with each other to transmit documents to manage their businesses through the augmented exchange of documents. The Cortex Network provides a document exchange process for industries with complicated procurement practices.
- Market Cap: $36 million
- Total Revenue (LTM): $10.0 million
- Average Daily Traded Value (20 Days) (CAD): $16,239.05
- MTD Price PCT Change: +24.1%
Peak Positioning Technologies Inc. (CSE: PKK) – $0.07
Peak Positioning Technologies Inc. is development-stage information technology portfolio management company that operates through the Information Technology segment. The Company develops and operates financial technology platforms that digitize, automate and bring the supply chain management of China’s industrial business sectors, including financial technology, e-commerce and Cloud computing to the Web. The platforms allow for the tracking, recording and analysis of every transaction associated with the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.
- Market Cap: $27 million
- Total Revenue (LTM): $26 million
- Average Daily Traded Value (20 Days): $45,583.63
- MTD Price PCT Change: +18.2%
Blackline Safety Corp. (TSXV: BLN) – $3.00
Communications & Networking
Blackline Safety Corp., formerly Blackline GPS Corp., is a Canada-based wireless location company, which develops, manufactures, and markets products and services for worker safety monitoring. The Company’s Loner solutions empower organizations in various industries and geographic locations with real-time safety incident awareness. Its portfolio of solutions address every lone worker scenario, including indoors, outdoors, in between buildings, hazardous sites, while driving and in remote locations. Its Cloud-hosted safety monitoring application provides all the tools necessary to remotely configure Loner devices, assign them to employees and manage safety alerts from receipt through to resolution.
- Market Cap: $86 million
- Total Revenue (LTM): $8 million
- Average Daily Traded Value (20 Days) (CAD): $10,510.00
- MTD Price PCT Change: +7.1%
Nexoptic Technology Corp. (TSXV: NXO) – $1.77
NexOptic Technology Corp., formerly Elissa Resources Ltd. is a Canada-based technology company that invests in the area of optical and lens technologies. It focuses on exercising its options to acquire, in the aggregate, 100% of Spectrum Optix Inc. (Spectrum), which owns Blade Optics. Spectrum is developing technologies relating to imagery and light concentration for lens and image capture based systems. The Blade Optics is a lens technology that makes use of flat lenses.
- Market Cap: $102 million
- Total Revenue (LTM): $0
- Average Daily Traded Value (20 Days) (CAD): $1,581,270.55
- MTD Price PCT Change: +6.6%
NeuLion Inc. (TSX: NLN) – $1.16
NeuLion, Inc. is a provider of enterprise digital video solutions. The Company’s solution, the NeuLion Digital Platform, is a Cloud-based, fully integrated solution that allows the delivery and monetization of digital video content. The NeuLion Digital Platform offers content owners and rightsholders a suite of digital technologies, together with services for back-end content preparation, management, delivery and monetization, in an end-to-end solution. The Company’s solution suite also includes its DivX video solution that allows consumer electronics (CE) manufacturers to provide a video experience and premium screen resolution, till Ultra High-Definition (HD)/4K, across virtually all content formats, for a range of connected devices.
- Market Cap: $324 million
- Total Revenue (LTM): $135 million
- Average Daily Traded Value (20 Days): $393,117.42
- MTD Price PCT Change: 5.5%