The TSX’s little brother, the TSX Venture Exchange, hasn’t exactly been a thrill a minute lately.
The unraveling of the mining and metals sector has prompted a steady and gradual slide that has the junior market near its 2008 “great recession” lows, closing at 954.92 on Friday, less than a third of its 2007 peak.
If the exchange is to bottom and turn around it’s increasingly clear that the overwhelmingly lopsided weighting towards commodities we have seen for much of the past decade can’t be the mix going forward. Not surprisingly, many of the better performers on the TSXV have come from the tech sector, which has also been pacing the big board.
With this list, we count down the ten hottest technology stocks on the TSX Venture Exchange. We rank these companies based on their performance from August 6th to September 6th, omitting those under ten cents.
1. Sphere 3D Corp (TSXV:ANY)
Price on August 6th: $.87
Price on September 6th: $2.75
Mississauga-based Sphere 3D Corp, was founded in 2009 and went public through a reverse merger late last year. The potential of the company’s Glassware 2.0, a cloud-based operating system, has sparked investor interest since announcing a partnership with Overland Storage (NASDAQ:OVRL) in July.
2. Zaio Corp (TSXV:ZAO)
Price on August 6th: $.105
Price on September 6th: $.28
Zaio Corp, which has developed a proprietary database of the real estate valuations of 51-million homes in the United States that is used for property tax assessment, real estate investment, foreclosures and mortgage backed securities valuation, closed an oversubscribed financing for $3.49-million late in August.
3. Radiant Communications (TSXV:RCN)
Price on August 6th: $.86
Price on September 6th: $1.41
Shares of long-time venture exchange underperformer Radiant spiked after announcing that it had been offered $1.43 to go private by 8612536 Canada Inc., an affiliated entity of Comwave Networks Inc. The offer was a 66% premium to the 20-day volume-weighted average price of the company’s common shares.
4. Enablence Technologies (TSXV:ENA)
Price on August 6th: $.28
Price on September 6th: $.45
Shares of Toronto-based Enablence, which manufactures and markets optical components and subsystems, have been trending upward for the better part of a month, but added a volume surge after announcing it had settled $4.2-million in outstanding debt .
5. Sensio Technologies (TSXV:SIO)
Price on August 6th:$.095
Price on September 6th:$.14
It’s been a tough year for Sensio, but the company gave investors a glimmer of hope late in August when it announced it had reached an agreement with Panasonic Corp. of North America, to offer Sensio’s 3DGO! video-on-demand service on Panasonic 3-D TVs across the United States and Canada.
6. FLYHT Aerospace Solutions (TSXV:FLY)
Price on August 6th: $.23
Price on September 6th: $.31
Calgary-based FLYHT Aerospace Solutions has developed a product called AFIRS, an acronym for Automated Flight Information Reporting System, which increases the safety, service and profitability of airlines with on-demand streaming of black box data, letting those on the ground know exactly what is going on with their in-air assets. Late in August, FLYHT received certification from the Iridium Communications System for the commercial use of the AFIRS 228S on the Iridium system, which CEO Bill Tempany called a “key milestone”.
7. Transgaming (TSXV:TNG)
Price on August 6th: $.095
Price on September 6th: $.12
Signing carrier deals for its GameTreeTV, an on demand gaming system that works much the way Netflix does for movies, has proved a difficult proposition for Transgaming, but shares of the company have firmed up after announcing a deal with Philips on September 5th.
8. Fireswirl Technologies (TSXV:FSW)
Price on August 6th:$.17
Price on September 6th:$.21
Fireswirl, which operates online stores for international mobile handset brands in China spent much of August firming up its tenuous balance sheet, closing a $585,000 private placement on August 27th.
9. NTG Clarity Networks (TSXV:NCI)
Price on August 6th: $.365
Price on September 6th: $.435
Shares of Markham-based NTG Clarity Networks, which supplies software services for telcos, rose last week after the company it had signed a (U.S.) $3.64-million document of understanding with an unnamed American multinational for its “NTS Telecom in a Box” product.
10. BSM Technologies (TSXV:GPS)
Price on August 6th: $1.93
Price on September 6th: $2.28
Shares of BSM have been on fire since this time last year, climbing from lows near forty cents to current lofty levels. Founded in 1997, the Woodbridge-based company sells GPS technologies that manage large fleets of trucks and secure other mobile assets, monitor fixed assets and automate vehicle security. The company’s Q3 revenue of of $4.68-million was a 39% bump over last year’s third quarter.