Shares in visual collaboration software developer Magor Corporation (TSX:V.MCC
, Stock Forum
) continued to move in an upward direction Monday, jumping 9.68% to $0.34 in midday trading after a sell-off following a brief spike to $0.41.
Magor hit $0.375 last Thursday on a 17% jump following the announcement of a debenture offering to raise growth capital, and has risen roughly 50% in the month of October.
Trading volume in the company has ramped up over the last few months, moving from a 34k per day 200-day average to a 55k 30-day average, to the 84k today.
According to the most recent Magor results release, “More than 20 carriers and solutions integrators across the globe are currently in or planning trials with Magor to deploy Aerus within their relative markets to their enterprise and government clients.”
Participants on the Magor Bullboards
are eagerly anticipating upcoming news as being behind the upward pressure on the share price. User Shawshank stated today, “Wow what a gap open this morning. Got to be some big time stuff coming up related to Aerus [Magor’s collaboration software product] I expect...something material of importance that's for sure.”
A presentation on the Aerus product can be found at http://www.magorcorp.com/documents/Magor-Widespread-Video-Adoption-Overview.pdf
Full disclosure: Magor Corporation is a Stockhouse Publishing client, but has not paid for this article.