Stock Snapshot: Siyata Mobile

posted in: Charts, Siyata Mobile, TSX-V | 0

A company we have highlighted several times in the last year and a half, Siyata Mobile (TSX-V:SIM, OTC:SIMFF), has had an impressive last couple of months:

 

SIM.V (Daily)

SIM.V_2.10.2017

Siyata shares have more doubled from their November low as the company has executed brilliantly on its plan of aggressively growing revenue while expanding its customer base. This is the kind of breakout from a long term base which gets technicians excited and the next upside reference point is all the way up at C$.66 (reached in 2014).

Last month Siyata reported record sales of C$4.1 million in Q4 2016 which was a 52% year-over-year increase. In addition, Siyata has already received more than C$2 million in new orders in Q1 2017 which puts the company on track for another stellar, potentially record breaking quarter.

The surge in trading volume in SIM shares is an indication that larger investors have taken notice of Siyata’s operational momentum and the still relatively modest market capitalization (~C$30 million) has plenty of room to grow; if Siyata is able to gain a modest 1% share of the roughly $7.5 billion opportunity available in the commercial push-to-talk market it would generate US$75 million of revenue for Siyata.

Paradigm Capital recently initiated coverage and highlighted 5 reasons why they like this company. Read why here.

Read also: Siyata Surges on C$1.8 Million Order From Undisclosed Mobile Operator

 

Disclaimer:

The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Siyata Mobile (TSX-V:SIM) is a high-risk venture stock and not suitable for most investors. Consult the Siyata Mobile’s SEDAR profile for important risk disclosures.

EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.