Canadian Blockchain Stock Soars on Crypto Mining Deal

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Block One Capital Inc. (CVE:BLOK), a Canadian Blockchain stock, jumped after announcing an agreement to acquire 90% of the equity of TG12 Ventures

Sean Mason | November 30, 2017 | SmallCapPower

More than a few speculators piled into a Canadian Blockchain stock Thursday following a cryptocurrency mining acquisition. Here’s some small stocks making big moves on Thursday, November 30, 2017 (as of 4 pm EST):

Block One Capital Inc. (TSXV:BLOK), a Canadian Blockchain stock, surged 29% to $0.90 after announcing that it has signed a binding term sheet to acquire 90% of the equity of TG12 Ventures Inc., a private company engaged in cryptocurrency mining, for a total consideration of up to US$2.3 million.

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As well, shares of Acerus Pharmaceuticals Corporation (TSX:ASP) gained 20% to $0.365 as the specialty pharmaceutical company said it has received C$1.6 million worth of NATESTO purchase orders from its U.S. licensee Aytu BioScience.

LiCo Energy Metals Inc. (TSXV:LIC), meanwhile, reported assay results for the first diamond drill hole completed on the Teledyne Cobalt Property near Cobalt, Ontario, which included 3.92% Co over 0.75 metres from 140.25 to 141.00 metres. LiCo Energy Metals stock moved up 23% to $0.185 following the announcement.

Finally, Mission Ready Services Inc. (TSXV:MRS) shares jumped 20% to $0.295 after the provider of protective equipment for military personnel and first-responders announced the fulfillment of an initial order from the Republic of Tunisia Armed Forces.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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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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