Blockchain Technology Stock Powers Higher on Purchase LOI

HIVE Blockchain Technologies Ltd. (CVE:HIVE), a blockchain technology stock, jumped after announcing a letter of intent for the purchase of an additional cryptocurrency mining data centre

Sean Mason | September 21, 2017 | SmallCapPower

A new blockchain technology stock on the block generated a substantial amount of buying interest Thursday. Here’s some small stocks making big moves on Thursday, September 21, 2017 (as of 4 pm EST):

HIVE Blockchain Technologies Ltd. (TSXV: HIVE), a blockchain technology stock, surged 3% to $1.89 on Thursday after announcing that it has entered into a legally binding letter of intent for the purchase, sale and maintenance of an additional cryptocurrency mining data centre located in Reykjanes, Iceland. The Company added that its cryptocurrency mining capacity, or hashpower, is expected to grow by more than 70% with the Second Data Centre.

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As well, shares of Questerre Energy Corporation (TSX: QEC) slid 26% to $0.96 after the Ministry of Energy and Natural Resources in Quebec published the proposed regulations to govern oil and gas activities in the province.

Covalon Technologies Ltd. (TSXV: COV), meanwhile, reported that it has received United States Food and Drug Administration (FDA) clearance to legally market and sell MediClear PreOp in the U.S. to hospitals, clinics and directly to patients, without the need for a prescription. Covalon Technologies stock popped 27% to $4.25 following the announcement.

Finally, dynaCERT Inc. (TSXV: DYA) shares rose 8% to $0.78 after the provider of carbon emission reduction technology announced initial results from independent PIT Group testing on its HG1 unit, which “show significant decreases in emission levels between baseline and final measurements, of almost half for carbon monoxide (CO), total hydrocarbons (THC), and for mono-nitrogen oxides (NOx).”

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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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