Canadian Medical Services Stock Jumps on Acquisitions

CRH Medical Corporation (TSX:CRH), a Canadian medical services stock, powered higher after announcing acquisitions in the United States

Sean Mason | June 8, 2020 | SmallCapPower

Two accretive acquisitions produced healthy gains for a Canadian medical services stock Monday. Here’s some small stocks making big moves on Monday, June 8, 2020 (as of 4 pm EST):

CRH Medical Corporation (TSX:CRH), a Canadian medical services stock, surged 22% to $3.77 on Monday after announcing that it has acquired 75% of a gastroenterology anesthesia practice located in the United States, with estimated annual revenue of $2.7 million that is EBITDA and cash flow accretive. In addition, the Company will own a 51% interest in Oconee River Anesthesia Associates, located in Athens, Georgia, a start-up venture with estimated annual revenue of $500,000.

Win Big With Our Small Cap Picks

 

As well, shares of Great Bear Resources Ltd. (TSXV:GBR) gained 10% to $11.89 as the gold junior released drill results from the ongoing exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario, which included 30.51 grams per tonne (g/t) gold over 12.40 metres.

Loop Insights Inc. (TSXV:MTRX), meanwhile, reported that it has been accepted into Amazon Web Services’ Partner Network, furthering the Company’s partnership with Amazon. “Loop’s visibility is going to increase exponentially with Amazon’s endorsement. As a result, we expect incredible growth in both our client and partner base. We will leverage the AWS brand and credibility, its top-tier partnership opportunities, and its huge project portfolio to accelerate Loop’s global scalability,”  said Loop Insights CEO Rob Anson. Loop Insights stock popped 41% to $0.205 following the announcement.

Finally, Aztec Minerals Corp. (TSXV:AZT) shares climbed 29% to $0.45 after the junior explorer announced that data inversion and interpretation of a recently-completed NSAMT geophysical survey has identified what the Company called “strong conductive bodies” underlying its Tombstone silver-gold-copper-lead-zinc property in Arizona.

Loop insights is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

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

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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

To read our full disclosure, please click on the button below: