Blockchain Stock Pops on Services Agreement

Leonovus Inc. (CVE:LTV), a Blockchain stock, jumped after announcing an agreement with a global health data services company

Sean Mason | November 3, 2017 | SmallCapPower

A software and services agreement sent shares of a Canadian Blockchain stock sharply higher Friday. Here’s some small stocks making big moves on Friday, November 3, 2017 (as of 4 pm EST):

Leonovus Inc. (TSXV:LTV), a Blockchain stock, surged 19% to $0.63 on Friday after announcing that it has signed another proof of concept agreement to install its blockchain-hardened software and provide consulting services for a global health data services company.

Read: Leonovus Move into Blockchain Technology Could Pay Off Big Time

As well, shares of ZCL Composites Inc. (TSX:ZCL) slipped 16% to $11.58 as the manufacturer of fiberglass storage tanks said it is disappointed with its results thus far in 2017, with third-quarter revenue down 9% to $52.4 million, along with a 31% decreased in net income for the quarter.

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Sparton Resources Inc. (TSXV:SRI), meanwhile, reported that Pu Neng Energy has been awarded a contract for construction of a 12-megawatt hour vanadium flow battery as Phase 1 of a larger 40-megawatt hour energy storage project in Hubei Province, China. Sparton’s 89.8% owned subsidiary, VanSpar Mining, holds a minority interest in Pu Neng. Sparton Resources stock popped 19% to $0.095 following the announcement.

Finally, Sunvest Minerals Corp. (TSXV:SSS) shares gained 21% to $0.115 after the gold explorer announced that it has received the first gold assay sample results from its recently-acquired Clone project in British Columbia, which included 245 g/t gold over 1.5 metres as part of a 7.5-metre-long continuous chip channel sample averaging 101 g/t gold.

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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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