Blockchain Technology Stock Climbs on Product Sale

Leonovus Inc. (TSXV:LTV), a Blockchain technology stock, jumped after announcing that a proof of concept customer has purchased Leonovus 3.0

Sean Mason | March 23, 2018 | SmallCapPower

A purchase order and new pilot projects boosted a Blockchain technology stock Friday. Here’s some small stocks making big moves on Friday, March 23, 2018 (as of 4 pm EST):

Leonovus Inc. (TSXV:LTV), a Blockchain technology stock, powered 42% higher to $0.235 on Friday after announcing that a proof of concept customer has purchased Leonovus 3.0, deploying it in their production environment. Leonovus also said it has added four new proof of concept pilots with customers in Canada and the U.S.

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As well, shares of LGC Capital Ltd. (TSXV:LG) rose 6% to $0.17 as the cannabis-focused investment company said it has formally terminated its option to acquire a 30% interest in South Africa-based House of Hemp (Pty) Ltd, in favour of focusing LGC’s resources on developing its fast-growing investments in Australia, Montreal, Jamaica and Europe.

Trigon Metals Inc. (TSXV:TM), meanwhile, reported that it has filed an updated  National Instrument 43-101 compliant technical report and Mineral Resource estimate for its Kombat operations in Namibia. The Company said the PEA confirms that the Kombat operations have a best-estimated net present value of US$96 million with an internal rate of return of 85.2%. Trigon Metals stock moved up 13% to $0.30 following the announcement.

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

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