Blockchain Technology Stock Surges on Software Agreement

    Leonovus Inc. (CVE:LTV), a blockchain technology stock, jumped after announcing a proof of concept agreement with one of Canada’s ‘Big Six’ banks

    Sean Mason | October 23, 2017 | SmallCapPower

    A big Canadian bank’s involvement in blockchain software had more than a few speculators piling into a blockchain technology stock Monday. Here’s some small stocks making big moves on Monday, October 23, 2017 (as of 4 pm EST):

    Leonovus Inc. (TSXV:LTV), a blockchain technology stock, powered 33% higher to $0.40 on Monday after announcing that it has signed a proof of concept agreement with one of Canada’s ‘Big Six’ banks, in which Leonovus will install its blockchain-hardened software to assist the Bank in developing a multi-site data storage management fabric with complete data security, performance and compliance metrics.

    Win Big With Our Small Cap Picks

     

    As well, shares of Eldorado Gold Corporation (TSX:ELD) slid 28% to $1.97 as the gold miner said it is revising downward the 2017 guidance for its 100% owned Kisladag gold mine in Turkey to 170,000 to 180,000 ounces at cash costs of $500 to $550 per ounce.

    Posera Ltd. (TSX:PAY), meanwhile, reported that it has entered into a joint venture with DLT Labs Inc. to deliver Blockchain technology into the hospitality POS ecosystem, including developing a real-time transaction and inventory management system. Posera stock popped 37% to $0.26 following the announcement.

    Finally, PyroGenesis Canada Inc. (TSXV:PYR) shares jumped 33% to $0.68 after the plasma technology company announced that it has successfully completed the ramp-up phase of its first plasma atomization system.

    To find out more about PyroGenesis Canada Inc., please visit the company’s Investor Hub.

    Ubika Research/SmallCapPower has received compensation from PyroGenesis Canada to provide analyst research coverage. For full disclosure please visit here >>

    See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

    Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

    Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

    To read our full disclosure, please click on the button below: