Vancouver-based PNI Digital Media Inc. (
TSX:T.PN,
Stock Forum) is no longer a well-kept secret, with the T.PN share price having jumped 21.43% Friday, a rise of $0.15 to $0.85.
The jump marks a meteoric rise for the online and in-store digital media solutions firm, which announced three days ago that it has
partnered with Samsung to allow ordering of digital prints from a smartphone.
While that news release was scant on details, it followed earlier news that the company is integrating their system to
Walgreens Quickprints,
Office Depot,
Tesco, Costco, and has an
iOS developer kit available for iPhone developers to work their system into new apps.
The company is also in an acquiring state of mind, having announced in April they would be
picking up Quarterhouse Software to diversify into enterprise and commercial printing.
The company showed increases in operating revenue in
Q3 results, though a net loss based on continuing growth and development costs.
The company hit a 52-week low of $0.20 in August on the back of those financials, but has climbed some 400% in the 60 days since.
PNI’s market cap is $28.4 million on 34 million shares outstanding.