Canadian Healthcare Stock Soars on Telemedicine Launch

Jack Nathan Medical Corp. (TSXV:JNH), a Canadian healthcare stock, jumped after launching a nationwide telemedicine service portal in Mexico

Sean Mason | October 16, 2020 | SmallCapPower

A Mexico telemedicine launch sparked buying interest in a Canadian healthcare stock Friday. Here’s some small stocks making big moves on Friday, October 16, 2020 (as of 4 pm EST):

Jack Nathan Medical Corp. (TSXV:JNH), a Canadian healthcare stock, surged 51% to $1.68 on Friday after announcing that it has launched a nationwide telemedicine service portal in Mexico. Jack Nathan Medical has clinics located in Walmart and Superama locations in that country.

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As well, shares of Eskay Mining Corp. (TSXV:ESK) rose 10% to $1 as the junior explorer said it has completed a diamond drill campaign at its TV-Jeff precious metal-bearing volcanogenic massive sulphide (VMS) target in the Golden Triangle area of British Columbia, in which the Company said nearly all drill holes encountered VMS styles of mineralization.

Intellipharmaceutics International Inc. (TSX:IPCI), meanwhile, reported that it swung to a third-quarter profit of $0.04 per share from a loss of $0.07 per share during the same period last year. Intellipharmaceutics stock popped 65% to $0.28 following the announcement.

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

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