Canadian AI Stock Surges on Tech Partnership

NexOptic Technology Corp. (TSXV:NXO), a Canadian AI stock, continued to climb after announcing that it has joined the NVIDIA Partner Network

Sean Mason | July 13, 2020 | SmallCapPower

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.

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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.”

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

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