Canadian eSports Stock Races Higher on Broadcast Milestone

Torque Esports (TSXV:GAME), a Canadian eSports stock, jumped after its virtual esports racing series was shown on ESPN

Sean Mason | April 13, 2020 | SmallCapPower

An ESPN broadcast played out well for investors in a Canadian eSports stock Monday. Here’s some small stocks making big moves on Monday, April 13, 2020 (as of 4 pm EST):

Torque Esports (TSXV:GAME), a Canadian eSports stock, surged 56% to $0.84 on Monday after announcing that its virtual esports racing series was shown live on TV for the first time in a new broadcast partnership with the Disney-owned, ESPN.

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As well, shares of Aurora Cannabis Inc. (TSX:ACB) slid 13% to $1.06 as the Canadian cannabis company said it plans to consolidate all of its outstanding shares on, or about, May 11, 2020, on the basis of 1 common share for every 12 common shares currently outstanding in order to restore compliance with the NYSE’s continued listing standards.

Fennec Pharmaceuticals Inc. (TSX:FRX), meanwhile, reported that the U.S. Food and Drug Administration (FDA) has accepted for filing and granted Priority Review for the Company’s New Drug Application for PEDMARK, an investigational drug for the prevention of ototoxicity induced by cisplatin chemotherapy in patients one month to <18 years of age with localized, non-metastatic, solid tumors. Fennec Pharmaceuticals stock moved up 10% to $9.90 following the announcement.

Finally, Protech Home Medical Corp. (TSXV:PTQ) shares gained 22% to $0.78 after the healthcare services company announced that it has seen an uptick in demand for its at-home services since March 18, 2020, as Protech’s business has been deemed essential by the U.S. government.  

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

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