TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Canadian tech startups have seen an influx of investment activity from venture capital funds of late and today we have identified 4 companies that have risen more than 35% in the past month, with a rally backed by heavier-than-normal trading volume. Could this trend could be your friend?

Written by SmallCapPower.com 

1. Nexoptic Technology Corp. (TSX: NXO) – $1.45 Canadian
Household Electronics

NexOptic Technology Corp., formerly Elissa Resources Ltd. is a Canada-based technology company that invests in the area of optical and lens technologies. It focuses on exercising its options to acquire, in the aggregate, 100% of Spectrum Optix Inc. (Spectrum), which owns Blade Optics.

Spectrum is developing technologies relating to imagery and light concentration for lens and image capture based systems. The Blade Optics is a lens technology that makes use of flat lenses. The Company serves various verticals, such as telescopes, cameras, surveillance equipment, mobile devices and other imaging verticals.

• Market Cap: $77 million CAD
• MTD Price Change: +110.1%
• Average Daily Volume (30 Days): 288,911
• Average Daily Volume (200 Days): 175,322

2. Diagnos Inc. (TSXV: ADK) – $0.20 Canadian
Software

DIAGNOS Inc. provides data mining and interpretation consulting services, and designs data analytics software products.

The Company operates through two segments: Healthcare and Natural Resources.

1. Its Healthcare segment offers image analysis services through Computer Assisted Retinal Analysis (CARA), a software tool, which assists health specialists in the detection of diabetic retinopathy. CARA is a hosted Web-based application that integrates fundus cameras with an image processing engine over an Internet connection.
2. Its Natural resources segment offers data mining consulting services through Computer Aided Resource Detection System (CARDS), a software tool used to assist exploration companies in identifying mining deposits.

• Market Cap: $28 million CAD
• MTD Price Change: +56.0%
• Average Daily Volume (30 Days): 2,497,058
• Average Daily Volume (200 Days): 622,740

3. Keek Inc. (TSXV: KEK) – $1.66 Canadian
Online Services

Keek Inc. (Keek), formerly Primary Petroleum Corporation, is engaged in the development of an online social video platform for both Web and mobile.

The Company’s application allows users to upload and share personal videos of themselves. Its interactive video content network contains videos with approximately 36 seconds of video and over 111 characters of accompanying text that can be enabled through the Web, iPhone Operating System, Android and Windows 8 mobile platforms. Users can link Keek content to social platforms, such as Facebook, Twitter, Tumblr and Google+ and Line profiles.

Keek is available in over 190 countries in approximately 36 languages across over six global regions, including North America, South America, Europe, Middle East, Asia/Oceania and Africa.

• Market Cap: $82 million Canadian
• MTD Price Change: +37.2%
• Average Daily Volume (30 Days): 1,252,500
• Average Daily Volume (200 Days): 695,553

4. Memex Inc. (TSXV: OEE) – $0.33 Canadian
IT Services & Consulting

Memex Inc. is a Canada-based, Industrial Internet of Things (IIoT) company. It develops, commercializes and manufactures a suite of products for its customers in the discrete manufacturing and aerospace [markets] across the world.

The Company’s product, MERLIN, is a software-driven IIoT communications platform that provides manufacturing analytics in real time. MERLIN delivers real-time manufacturing productivity metrics, including Overall Equipment Effectiveness (OEE) in real time, from the shop-floor-to-top-floor. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines.

• Market Cap: $82 million CAD
• MTD Price Change: +37.2%
• Average Daily Volume (30 Days): 653,786
• Average Daily Volume (200 Days): 473,589