CSE tech deal Glance Technologies has been outperforming the markets since breaking out in late August. The junior is thriving on an exchange that is largely dominated by mining-related issuers.
Glance Technologies Breaks Out on CSE in September
Glance (GLNNF) captures the Daily Stock Challenge Breakout award after soaring 27% on 4.4 million shares traded Friday.
On September 20th the company reported the submission of a Provisional Patent for E-Commerce Security Via Glance Pay Anywhere. To explain, Glance owns and operates Glance Pay; above all, glance pay is a streamlined payment system which allows smartphone users to choose where to dine, order goods, make payments, access and redeem digital deals, earn great rewards & interact with merchants.
According to the company,
“Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, social media marketing, customer feedback, in-merchant messaging and custom rewards programs.”
The TSX Venture and the CSE exchange have seen these types of new tech plays before. Back to the company’s press release from September 20th:
“Glance filed a provisional patent with the United States Patent and Trademark Office for its latest invention which allows orders and payments initiated from traditional websites on any platform to be secured via mobile devices utilizing Glance’s robust anti-fraud technology.”
Online security is as robust a sector as investors can find at the moment. Technavio’s market research analysts predict that the global internet security market will grow steadily at a CAGR of close to 9% by 2021. Another report, dubbed the Global Internet Security Market, published by Allied Market Research, “forecasts that the global market is expected to garner $42.8 billion by 2020, registering a CAGR of 8.1% during the period 2014-2020.”
Glance Targets Online Security Market
Markets of this size allow investors to speculate micro-cap companies such as Glance will be able to shave off a fraction of market share; if accomplished it may propel its small market cap higher.
Furthermore, Glance reported,
“This advancement enables lower fraud for merchants and more security for consumers, while allowing the convenience of ordering and initiating transactions from the web from desktop computers or any other connected device.”
Consequently, Glance went on to report,
“According to Chargeback: Ecommerce lost nearly $7 billion to chargebacks in 2016. By 2020, ecommerce chargeback losses are expected to balloon to $31 billion. Card not present (CNP) accounts for 60% to 70% of all card fraud in many developed countries. Merchants in the United States are overwhelmingly targeted by fraudsters. In September 2014, the US experienced 52% of total attack volume, with the United Kingdom, China, and the Netherlands experiencing 9%, 8%, and 6% of attack volume, respectively.”
Glance argues that,
“Mobile devices offer a much broader array of security technology compared to desktops or laptops, creating a far superior security method of payment. As mobile devices continue their rapid technological advancement, new mobile technologies can be utilized to help even further secure transactions.”
Maybe timing is right for Glance as it works to provide secure transactions in an increasingly less secure world.
Glance Technologies Leads Tech Stocks in September’s Stock Challenge
Long-time member and recent Stock Champ ‘heyjude‘ selected Glance Technologies for September’s Stock Challenge. The recent Champion saw their combined average return improve 13.64% Friday. heyjude’s return on the month is now 36.04% – enough for 11th overall.
Long-time member of over three years ‘firefly‘ is leading all Challengers with a 84.48% return. There is only one full week remaining in September. Don’t wait to get your picks for October in. Click here now to register for a free chance to win silver bullion.
