The stock of Memex Inc (CVE:OEE) is a huge mover today! The stock decreased 4.92% or $0.015 on October 31, hitting $0.29. About 359,750 shares traded hands. Memex Inc (CVE:OEE) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 6 months negative chart setup for the $32.27M company. It was reported on Oct, 31 by Barchart.com. We have $0.26 PT which if reached, will make CVE:OEE worth $3.23M less.
More notable recent Memex Inc (CVE:OEE) news were published by: Seekingalpha.com which released: “SecretCaps’ Updates Memex Projections: $1.06 Price Target” on August 12, 2016, also Marketwired.com with their article: “MEMEX Inc. to Demonstrate an Array of World-Class IIoT Solutions at IMTS 2016” published on September 08, 2016, Marketwired.com published: “MEMEX Inc. announces MERLIN Tempus(TM) and MERLIN Tempus(TM) Enterprise …” on September 12, 2016. More interesting news about Memex Inc (CVE:OEE) were released by: Marketwired.com and their article: “MEMEX Inc.’s Winning Streak Continues” published on August 03, 2016 as well as Marketwired.com‘s news article titled: “MEMEX Inc. Leadership Recognized Amongst Top 30 Advanced Manufacturing Visionaries” with publication date: May 12, 2016.
Memex Inc is a Canada-based provider of Industrial Internet of Things technology. The company has a market cap of $32.27 million. The Company’s flaghship product, the MERLIN IIoT communications platform, reveals hidden factories when clients replace subjective data collection with software. It currently has negative earnings. MERLIN connects industrial machines and delivers manufacturing productivity metrics, providing manufacturing analytics in real-time from the shop floor to the top floor.
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