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Surging since it received purchase orders for WiFiber links from two international resellers, standout small cap Gigabeam Corp. (NASDAQ: GGBM) continued its climb Monday, heading more than 17% higher.

GGBM shares have moved 42% higher over the past 11 days, most recently on news of a purchase order for two WiFiber links from a reseller for the Saudi government last Friday. GGBM closed Friday's regular trading session $0.2799 higher at $4.3499, a gain of 6.88%. The stock continued its ascent after hours, rising 72 cents to $5.07.

It has reached as high as $5.7601 during today's regular trading session, though it still sits well short of its April 2006 high of $13.80.

It's been a summer of high demand for Gigabeam's WiFi services -- two weeks ago it soared after the announcement of a purchase order from South African reseller InnovatIF Telecoms. Shortly before that was the announcement that Herndon, Va.-based One Velocity purchased orders for 24 WiFiber links.

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GigaBeam Corp. (GGBM): A small-cap success originally appeared on BloggingStocks on Mon, 06 Aug 2007 14:59:00 EST. Please see our terms for use of feeds.

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