Datametrex AI Limited (TSXV:DM), a Blockchain stock, climbed after announcing that it is close to implementing an AI and Blockchain solution for a division of Hyundai Corporation
Sean Mason | March 27, 2018 | SmallCapPower
A big potential deal with Hyundai Corporation propelled a Blockchain stock Tuesday. Here’s some small stocks making big moves on Tuesday, March 27, 2018 (as of 4 pm EST):
Datametrex AI Limited (TSXV:DM), a Blockchain stock, shot up 16% to $0.145 on Tuesday after announcing that it is in the final stages of negotiations with its partner, ABC Solutions, to implement an AI and Blockchain solution for the real estate development and infrastructure division of South Korea’s Hyundai Corporation. The Nexalogy AI product, Nexa Intelligence, will be used to analyze the large amount of data gathered across various real estate sites, with a focus on security and Smart City initiatives.
As well, shares of Balmoral Resources Ltd. (TSX:BAR) slid 39% to $0.285 as the gold junior revealed the initial resource estimate for the Martiniere Gold System in Quebec, which showed an open pit-constrained Indicated gold resource of 431,000 ounces at an average grade of 2.0 g/t, as well as an Inferred gold resource of 11,000 ounces at an average grade of 2.5 g/t, using a 0.5 g/t cut-off grade.
Georox Resources Inc. (TSXV:GXR), meanwhile, reported that it has entered into an asset purchase agreement to acquire certain high working interest producing oil (~94%) and natural gas (~6%) interests in southwest Saskatchewan and eastern Alberta from arm’s‑length vendors. The transaction is expected to close April 30, 2018. Georox Resources stock moved up 39% to $0.09 following the announcement.
Finally, Lithium Energi Exploration, Inc. (TSXV:LEXI) shares rose 23% to $0.54 after the lithium explorer announced what it called “positive results” from its initial geophysical surveys on each of the first three concessions studied in the northern section of its holdings in the Antofalla Salar in Argentina.
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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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