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Micro-Cap in News; Marine Drive Mobile Corp. (MDMC)

By Warren Paige

Shares of Marine Drive Mobile Corp. (OTC: MDMC), a company engaged in the development of transactional mobile commerce applications and services, soared in trading on Friday.

MDMC shares ended the day 9.09% higher at $0.480 on volume of 870,687. The stock gained 12.94% in the last three trading sessions.

MDMC shares surged on Friday after the company announced that it updated its core technology Deal Management Software (DMS).

Colin MacDonald, President and CEO of Marine Drive Mobile, said that he is very proud to be announcing its new version of its Deal Management Software (DMS). MacDonald said that the product has come a long way in a very short period of time and now that the company has an enterprise level application it can approach larger organizations and integrate its DMS software into their marketing and customer loyalty programs.

 

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.