The Mint Corporation (TSXV:MIT), a FinTech stock, jumped after announcing that its subsidiary has won a new customer with a portfolio of over 100,000 payroll card accounts
Another big cardholder transaction propelled a Canadian FinTech stock higher Tuesday. Here’s some small stocks making big moves on Tuesday, January 8, 2019 (as of 4 pm EST):
The Mint Corporation (TSXV:MIT), a FinTech stock, climbed 10% to $0.17 on Tuesday after announcing that its majority-owned subsidiary, Mint Gateway For Electronic Payments Services LLC, has won a new customer with a portfolio of over 100,000 payroll card accounts. The Company added that the customer is a leading UAE financial institution.
As well, shares of Imperial Metals Corporation (TSX:III) slipped 11% to $1.78 as the miner said operations at the Mount Polley mine will be suspended due to declining copper prices.
New Gold Inc. (TSX:NGD), meanwhile, reported fourth-quarter operating results from its Rainy River and New Afton Mines. The Company said the Rainy River Mine reported its best-ever quarterly gold production of 77,202 ounces, a 39% increase from the previous quarter, while production at the New Afton Mine exceeded the high end of annual guidance. New Gold stock moved up 12% to $1.43 following the announcement.
Finally, Emblem Corp. (TSXV:EMC) shares rose as much as 6% after the cannabis company announced that Emblem-branded cannabis oils are now available online through Shoppers Drug Mart to patients with a valid medical authorization.
Ubika Research/SmallCapPower has received compensation from The Mint Corp to provide analyst research coverage. For full disclosure please visit here >>.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.