PyroGenesis Canada Inc. (CVE:PYR), a tech stock, surged after announcing laboratory scale testing results of the PUREVAP process
Sean Mason | September 29, 2016 | SmallCapPower
A plasma tech stock was on fire following lab test results Thursday. Here’s some small stocks making big moves on Thursday, September 29, 2016 (as of 4 pm EST):
PyroGenesis Canada Inc. (CVE:PYR) shares climbed 15% to $0.19 on Thursday after the manufacturer of plasma waste-to-energy systems and plasma torch products announced that it has completed the first series of laboratory scale testing of the PUREVAP process, which the Company said exceeded expectations, and has provided a summary of these results to its client, HPQ Silicon Resources Inc.
As well, shares of Kirkland Lake Gold Inc. (TSE:KLG) slipped 8% to $10.28 as the gold miner said it will merge with Newmarket Gold Inc. (TSE:NMI) in an all-stock transaction. Kirkland Lake Gold will own 57% of the combined company, which is expected to produce over 500,000 ounces of gold annually.
Thermal Energy International Inc. (CVE:TMG), meanwhile, reported that it has received a $1.7 million order from a leading producer of industrial and fuel alcohols for the supply and installation of one of Thermal Energy’s FLU-ACE heat recovery systems at one of the customer’s ethanol plants. The project is expected to be completed and revenue earned over the next six months. Thermal Energy International stock moved up 21% to $0.085 following the announcement.
Finally, EcoSynthetix Inc. (TSE:ECO) shares rose 13% to $2.25 after the renewable chemicals company that produces a portfolio of commercially proven bio-based products announced its first commercial customer, the SWISS KRONO GROUP, for its DuraBind technology, which targets the wood composite market.
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