Artificial Intelligence Stock Ascends on Acquisition

Everfront Ventures Corp. (CVE:EVC), an artificial intelligence stock, climbed after announcing that it has acquired Nexalogy Environics

Sean Mason | September 25, 2017 | SmallCapPower

A big bet on AI had more than a few speculators buzzing over an artificial intelligence stock Monday. Here’s some small stocks making big moves on Monday, September 25, 2017 (as of 4 pm EST):

Everfront Ventures Corp. (TSXV: EVC), an artificial intelligence stock, jumped as much as 12% before ending up 4% at $0.135 on Monday after announcing that it has acquired Nexalogy Environics, a business intelligence and data analysis provider through its artificial intelligence platform to government agencies and Fortune 500 corporations. The purchase price of $6 million consists of cash and Everfront Ventures stock.

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As well, shares of Titan Medical Inc. (TSX: TMD) climbed 9% to $0.245 as the medical device company said it has successfully completed the world’s first gynecologic, colorectal and urologic single port robotic procedures using its advanced prototype SPORT Surgical System at the Florida Hospital Nicholson Center in Celebration, Florida.

Novo Resources Corp. (TSXV: NVO), meanwhile, reported that its President and Chairman, Dr. Quinton Hennigh, will be discussing the Company’s exploration plans at the Denver Gold Forum today. Novo Resources stock moved up 27% to $6.50 following the announcement.

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

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