What’s in Memex Inc After Today’s Huge Decline?

 What's in Memex Inc After Today's Huge Decline?

The stock of Memex Inc (CVE:OEE) is a huge mover today! About 212,820 shares traded hands. Memex Inc (CVE:OEE) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 7 months negative chart setup for the $35.17M company. It was reported on Nov, 25 by Barchart.com. We have $0.29 PT which if reached, will make CVE:OEE worth $1.41 million less.

More notable recent Memex Inc (CVE:OEE) news were published by: Prnewswire.com which released: “MEMEX Inc. Discusses IIoT Market, Growth Drivers, Goals and Milestones for …” on November 17, 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, Seekingalpha.com published: “SecretCaps’ Updates Memex Projections: $1.06 Price Target” on August 12, 2016. More interesting news about Memex Inc (CVE:OEE) were released by: Marketwired.com and their article: “MEMEX Inc. announces MERLIN Tempus(TM) and MERLIN Tempus(TM) Enterprise …” published on September 12, 2016 as well as Marketwired.com‘s news article titled: “MEMEX Inc. to Unveil and Demonstrate the MTC-One — One of the World’s Most …” with publication date: September 13, 2016.

Memex Inc is a Canada-based provider of Industrial Internet of Things technology. The company has a market cap of $35.17 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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