Wondering who’s hot? Cantech Letter breaks down the The Top Performing TSX Techs for the week of June 27th to July 1st,
The list includes any stock listed on the TSX technology, cleantech and life sciences indices with a minimum share price of $.10 cents as of June 27th, 2011.
1. Ondine Biomedical (TSX:OBP) +39.1%
Price on June 24th: $.23
Price on June 30th: $.32
Shares of Ondine leapt after its board approved a transaction that would take the company private. The Vancouver based company, which topical infections through commercially viable photodynamic disinfection products, lost $3.25 million in 2010.
2. Sandvine Corporation (TSX:SVC) +23.5%
Price on June 24th: $ 2.31
Price on June 30th: $ 1.87
After a mild slump that came after Sandvine’s streak of had recorded six consecutive quarters of revenue increases ended, the company snapped back to form last week. National Bank Financial’s Kris Thompson, who has a $2.50 target on Sandvine, told the Globe and Mail last week that the “telecom software maker is gaining traction as well as market share and will benefit from investor interest in the sector..”
Click here for Cantech Letter’s recent interview with Sandvine CEO Dave Caputo
3. Absolute Software (TSX:ABT) +17.7%
Price on June 24th: $3.61
Price on June 30th: $4.25
Absolute recorded a very successful four day week after reporting that its Computrace and Lojack for Laptops had recovered its twenty thousandth laptop. The company is starting to deliver value to shareholders, but may still have a lot of upside, according to some experts. Versant’s Tom Liston has a $6 target on the Vancouver based company.
4. DiagnoCure (TSX:CUR) +12.5%
Price on June 24th: $.80
Price on June 30th: $.90
Shares of Diagnocure added a dime last week when the company announced a US $13.3-million collaboration with Signal Genetics, a privately held predictive genetic testing company focusing on oncology. Sainte-Foy Quebec based DiagnoCure, which is looking to commercialize diganostic testing for various cancers, had fallen near a five year low.
5. Pason Systems (TSX:PSI) +10.9%
Price on June 24th: $ 13.11
Price on June 30th: $ 14.54
Calgary’s Pason Systems, which provides complex instrumentation systems to offshore drillers continued an impressive comeback from a 2008 collapse in the drilling business. The company’s recent Q1 was a record. Pason says the recovery is being lead by business from shale-bearing oil deposits.