Tech Stock Powers Higher on Supply Agreement

    Zecotek Photonics Inc. (TSXV: ZMS), a tech stock, jumped after announcing that it has signed a LFS scintillation crystal supply agreement

    Sean Mason | January 25, 2017 | SmallCapPower

    A big crystals contract propelled a TSXV tech stock sharply higher Wednesday. Here’s some small stocks making big moves on Wednesday, January 25, 2017 (as of 4 pm EST):

    Tech stock Zecotek Photonics Inc. (TSXV: ZMS) surged 8% to $0.26 on Wednesday after the developer of leading-edge photonics technologies for healthcare, industrial and scientific markets announced that it has signed a LFS scintillation crystal supply agreement with Shanghai-based EBO Optoelectronics to supply over $21 million worth of scintillation crystals over the next three years.

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    As well, shares of Athabasca Minerals Inc. (TSXV: ABM) jumped 23% to $0.29 as the mineral exploration and management company said it has received a positive decision in the court proceedings relating to the Susan Lake Aggregate Operation located north of Fort McMurray, Alberta.

    Alphinat Inc. (TSXV: NPA), meanwhile, reported a profit of $259,243 for the quarter ended November 30, 2016. Revenue for the period also rose to $603,985 from $380,850 a year earlier. Alphinat stock popped 125% to $0.09 following the announcement.

    Finally, Yangarra Resources Ltd. (TSX: YGR) shares rose 8% to $2.35 after the junior oil and gas company announced that production for 2016 averaged approximately 2,930 boe/d, up 23% from 2015.

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

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

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