This Micro Cap Popped on Acquisition of IoT Tech Firm

This small Denver-based tech company just entered the Apple HomeKit-Enabled Devices Market with the acquisition of an Internet of Things (IoT) company. To be more specific than just entering the broad IoT market, this company will be the segment related to the development, manufacture, and sale of devices and accessories specifically built on Apple’s HomeKit framework.

SPYR Technologies, Inc. (OTC-PNK:SPYR) has been on the move in recent months. Coming into this year around $.0198/share, the fact that it’s trading up to $0.1658 this morning is nothing short of impressive. That is a +737% return year to date! This morning following the press release, traders wasted no time grabbing up shares to an intraday high of $0.1695 (+12.25% DoD). In addition to the news, the stock also found support at its 20-day SMA.

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