A NVIDIA partnership continued to propel a Canadian AI stock Monday. Here’s some small stocks making big moves on Monday, July 13, 2020 (as of 4 pm EST):
NexOptic Technology Corp. (TSXV:NXO), a Canadian AI stock, continued to move higher Monday, up 24% to $0.78 following a 30% gain on Friday, after announcing that it has joined the NVIDIA Partner Network as a preferred partner, in which NexOptic’s ALIIS solution will be utilized to unlock new application paths in robotics, smart cities, industrial automation, and healthcare.
As well, shares of Royal Road Minerals Limited (TSXV:RYR) jumped 5% to $0.39 as the resource junior revealed initial interim drilling results from its Luna Roja gold project in Nicaragua, which included 65 meters of 6.9 grams per tonne (g/t) gold.
LexaGene Holdings, Inc. (TSXV:LXG), meanwhile, reported the introduction of its flagship product, MiQLab, which is being manufactured for an anticipated commercial launch before the end of September 2020. LexaGene Holdings stock moved up 14% to $1.12 following the announcement.
Finally, Aphria Inc. (TSX:APHA) shares rose 9% to $6.35 after Stifel raised its target price on the Canadian cannabis stock to US$8 per share from $5.30 and upgraded its rating to “Buy” from “Hold.”
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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NexOptic Technology Corp. (TSXV:NXO), a Canadian AI stock, continued to move higher Monday, up 24% to $0.78 following a 30% gain on Friday, after announcing that it has joined the NVIDIA Partner Network as a preferred partner, in which NexOptic’s ALIIS solution will be utilized to unlock new application paths in robotics, smart cities, industrial automation, and healthcare.
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