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Big Gainer; DiMi Telematics International Inc. (DIMI)

By Warren Paige

Shares of DiMi Telematics International Inc. (PINK:DIMI), designer, developer and distributor of Machine-to-Machine (M2M) communications solutions, surged in trading on Friday.

DIMI shares ended the day 34/78% higher at $0.0775 on above average volume of 6.25 million. The stock gained 68.48% in the last three trading sessions.

DIMI’s gains could be due to some stock promotion activity as there is no recent news or development related to the company.

According to a filing made by DIMI last month, the company had cash and cash equivalents of $888,139 at the end of May 31, 2012. The company had a net working capital of $873,366 at the end of May 31, 2012.

DIMI said in the filing that it has a competitive advantage and is uniquely positioned as an M2M solution-centric business since its M2M communications platform is hardware-agnostic, and its hosting environment is in the cloud.

 

August 4th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.