Canadian AI Stock Jumps on COVID-19 Tracing Update

Loop Insights Inc. (TSXV:MTRX), a Canadian AI stock, climbed after announcing that it has accelerated conversations for the implementation of its COVID-19 contact tracing solution

Sean Mason | July 17, 2020 | SmallCapPower

A COVID-19 contact tracing solution update powered a Canadian AI stock higher Friday. Here’s some small stocks making big moves on Friday, July 17, 2020 (as of 4 pm EST):

Loop Insights Inc. (TSXV:MTRX), a Canadian AI stock, surged 100% $0.35 on Friday after announcing that it has accelerated conversations for the implementation of its COVID-19 contact tracing solution with government officials, and live event and stadium operators, in North America, Australia, Indonesia, and the U.K., since its launch in June 2020.

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As well, shares of East Asia Minerals Corporation (TSXV:EAS) gained 35% to $0.135 as the gold junior said the final environmental assessment study for its Sangihe gold-copper project has been submitted to the relevant environmental office in the Province of North Sulawesi in Indonesia.

ARHT Media Inc. (TSXV:ART), meanwhile, reported that it is now offering Subscription Bundles that are based on the volume of transmissions that a subscriber requires, which the Company expects will accelerate its recurring revenues. ARHT Media stock moved up 21% to $0.64 following the announcement.

Loop Insights (TSXV:MTRX) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>  

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

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