Biotech Stock Surges on Cannabis Research Update

Pascal Biosciences Inc. (TSXV:PAS), a biotech stock, climbed after announcing that it has discovered certain cannabinoids that enhance the immunogenicity of tumor cells

Sean Mason | February 21, 2018 | SmallCapPower

A cannabinoid research discovery provided healthy returns for a biotech stock Wednesday. Here’s some small stocks making big moves on Wednesday, February 21, 2018 (as of 4 pm EST):

Pascal Biosciences Inc. (TSXV:PAS), a biotech stock, jumped 260% to $0.72 on Wednesday after announcing that it has discovered certain cannabinoids that enhance the immunogenicity of tumor cells, rendering them more susceptible to recognition by the immune system.

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As well, shares of RYU Apparel Inc. (TSXV:RYU) slipped 12% to $0.22 as the creator of urban athletic apparel said it has secured its first Californian location on Abbot Kinney Boulevard, in Venice Beach, California.

Altamira Gold Corp. (TSXV:ALTA), meanwhile, reported that it has begun an exploration program for concealed porphyry copper mineralization throughout the Juruena Belt of Mato Grosso state in Brazil. Altamira Gold stock popped 33% to $0.24 following the announcement.

Finally, EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) shares rose 6% to $0.09 after the sustainable energy solutions provider announced that its joint venture with Groupe Nduom has begun sales and distribution of Solar Panels and Solar Systems in Ghana.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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