After Today’s Huge Increase, Is Memex Inc’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Memex Inc's Near Term Analysis Positive?

The stock of Memex Inc (CVE:OEE) is a huge mover today! About 81,800 shares traded hands. Memex Inc (CVE:OEE) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 9 months positive chart setup for the $31.87 million company. It was reported on Dec, 1 by Barchart.com. We have $0.31 PT which if reached, will make CVE:OEE worth $2.23 million more.

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 Seekingalpha.com with their article: “SecretCaps’ Updates Memex Projections: $1.06 Price Target” published on August 12, 2016, Marketwired.com published: “MEMEX Inc. to Demonstrate an Array of World-Class IIoT Solutions at IMTS 2016” on September 08, 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 Business.Financialpost.com‘s news article titled: “How tiny Memex got two industry giants to endorse its manufacturing …” with publication date: January 18, 2016.

Memex Inc is a Canada-based provider of Industrial Internet of Things technology. The company has a market cap of $31.87 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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