During yesterday’s trading session, the buyers of ARISE Technologies Corporation (TSE:APV), (PINK:APVNF) stock provided for strong pressure on the market and confirmed investors’ appreciation towards the shares’ upward direction.
Two days after the company announced its optimistic preliminary financial results for the three and nine months ended September 30, 2010, APV stock performance was improved in unison with investors’ willingness to upraise the share price.
Although APV shares opened the market with a 2.43% pull back, at the end of the trading day APV stock was worth 4.88% more than on Wednesday.
The volume traded was not as strong as it was during the day of the above mentioned announcement. But it was strong enough to show that the market is maybe still not saturated.
At the end of this August, APV stock made its first attempt to escape from the deep bottom and the weak trading volume. Then, ARISE Technologies Corporation released an update. One of the most important news there was the returning of the company’s founder Mr. Ian MacLellan as Chief Technology Officer.[BANNER]
Since then, ARISE Technologies Corporation sends only optimistic and positive signals to investors, one of them being the company’s ranking among the Deloitte Technology Fast 50(TM). This is a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years.
Knowing this fact, even the skeptical analysts of corporate fundamentals may change their mind after the financial reports for the three and nine months ended September 30, 2010 get announced. Some of them have expressed the opinion that ARISE Technologies Corporation may face liquidity problems, based on the last audited financials of the company.
