Shares of Omnicity Inc. are currently trading at $0.55, up $0.05 or 10% for the day. The move has been accompanied by strong volume which is approaching 600,000 shares, well in excess of the average daily volume of about 35,000 shares. Omnicity shares moved higher after a “One to Watch” alert was issued by QualityStocks Daily Blog on September 30th. On that day, the stock opened at $0.46 – and with today’s high trade occurring at $0.62 – that makes for nearly a 35% gain in only a few short days!
Omnicity provides broadband access, including advanced voice, video and data services in un-served and underserved small and rural markets. The company was recently awarded its first contract to provide broadband services in the state of Indiana. Omnicity intends to eventually expand their services nationwide from their current base of operations in the state of Indiana. They intend to this through acquisitions, organic growth and partnering with rural electric and phone companies.
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