Canadian Tech Stock Powers Higher on Joint Development Agreement

    Zecotek Photonics Inc. (CVE:ZMS), a Canadian tech stock, climbed after announcing a joint development agreement with one of Germany’s leading automobile manufacturers

    Sean Mason | July 5, 2017 | SmallCapPower

    An agreement with one of Germany’s leading automobile manufacturers sparked much interest in a Canadian tech stock Wednesday. Here’s some small stocks making big moves on Wednesday, July 5, 2017 (as of 4 pm EST):

    Zecotek Photonics Inc. (TSXV: ZMS), a Canadian tech stock, jumped 28% to $0.325 on Wednesday after the developer of photonics technologies for industrial, healthcare and scientific markets announced that it has signed a joint development agreement with one of Germany’s leading automobile manufacturers, to develop a brand specific, 3D head-up display (HUD) and entertainment console.

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    As well, shares of Prosper Gold Corp. (TSXV: PGX) slid 22% to $0.18 as the gold explorer said it has completed 6,350 metres in 20 diamond drill holes to date at its Ashley Gold Project in northern Ontario. The Company added that they are optimistic but caution that assays are pending.

    Ashburton Ventures Inc. (TSXV: ABR), meanwhile, reported the release of a second set of laboratory data from MB Labs in Sidney, BC. The chemical analysis lists levels of 16 major and minor plant nutrients detected in liquid runoff captured from cannabis plants involved in a study of zeolite and carbon in marijuana cultivation. Ashburton Ventures stock popped 71% to $0.18 following the announcement.

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

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