Helios Matheson Shares Soar On Addition Of Personal Safety App To Google Play Store

Helios and Matheson Analytics Inc HMNY shares are on a tear.

The data analytics and data visualization solutions provider, which completed its merger with Zone Technologies on November 9, is launching its RedZone map on the Alphabet Inc's GOOGL Google Pay Store.

The RedZone Map is an app that helps in navigation, while also addressing personal safety, as it combines GPS-driven direction with real-time crime data and social listening. In a release, the company claimed that the app broke through the top 5 on its Apple Inc.'s AAPL App Store debut in late March 2016.

Helios and Matheson stock, which was at anemic sub-$2 levels in the first half of the year, gained traction when it announced its intention to merge with Zone Technologies in June 2016. However, around the completion of its merger, the stock began pulling back. Going by Monday's stock reaction, it looks like the Google Play debut could give a small lift to the sagging stock.

At time of writing, Helios and Matheson Analytics shares were rallying 16 percent to $4.85 on roughly five times the average volume.