Long pointed to as a potential tech takeover target, Toronto-based ISIS Labs Corporation (
TSX:V.LAB,
Stock Forum) has climbed 27% Wednesday morning, up $0.13 to $0.61, with no official news released to explain the jump.
The last news released by the company was back in January, when a
new Senior VP of Operations and Business Affairs was appointed.
ISIS developed a social gaming software platform, the ISIS Friends network, which looks to leverage the anticipated growth in regulated, real-money, online gaming through the application of social gaming.
The company offers a turnkey solution including a full commerce application and back office suite, and won the 2013 Most Innovative Startup Company of the year award at the 2013 GIGSE Conference in San Francisco, California.
Stockhouse Bullboard posters are
surprised by the run on the company stock, which floated in July 2013 at $0.20, but today sits at three times that price. Shares have doubled since January 1, 2014.