Canadian Healthcare Tech Stock Jumps on U.S. Partnership

Reliq Health Technologies Inc. (TSXV:RHT), a Canadian healthcare tech stock, rose after partnering with a U.S. pharmacy network

Sean Mason | October 28, 2019 | SmallCapPower

The prognosis for a Canadian healthcare tech stock appears positive Monday following a partnership south of the border. Here’s some small stocks making big moves on Monday, October 28, 2019 (as of 4 pm EST):

Reliq Health Technologies Inc. (TSXV:RHT), a Canadian healthcare tech stock, climbed 15% to $0.71 on Monday after announcing that it has partnered with a U.S. pharmacy network to offer Reliq’s iUGO CARE remote patient monitoring platform to their chronic disease patients across 10 States, primarily on the U.S. East Coast.

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As well, shares of Cardinal Resources Limited (TSX:CDV) slipped 8% to $0.335 as the gold junior released results of the Feasibility Study for the Namdini Gold Project in Ghana, West Africa. Highlights included US$1.46 billion in undiscounted, pre-tax free cash flow forecast with the current life of mine plan of 15 years at a US$1,350 per ounce gold price.

Assure Holdings Corp. (TSXV:IOM), meanwhile, reported that total procedures for the third quarter ended September 30, 2019 remained strong in comparison to the third quarter of 2018 and the Company expects to exceed its previously disclosed full-year 2019 guidance of 5,000 procedures. Assure Holdings stock moved up 16% to $1.93 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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