stock ticker: CTRX

During the past six months, the stock of Concentrax (the “Company”) has risen over 600%, going from $.25 to the current price of $1.42. The Company has a current market cap of close to $15 million. What is the cause of this rapid movement? Stocklemon believes that this growth is the product of the convergence of an ambitious idea and half hearted stock promotion.

Concentrax, located in Houston, Texas, is a provider of vehicle-monitoring services and technologies. The Company’s signature product, the Track-Down, provides accurate, reliable, real-time data on asset use and location, and has applications for commercial trucking; rental vehicles/equipment; military; delivery; law enforcement; aviation and air cargo; corporate fleets, and emergency, health care and rescue vehicles.

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