Canadian Mobile Gaming Stock ‘Pops’ on Big-Name Investment

PopReach Corporation (TSXV:POPR), a Canadian mobile game stock, surged after receiving a strategic investment from Alibaba Group

Sean Mason | October 15, 2020 | SmallCapPower

An Alibaba investment powered a Canadian mobile game stock sharply higher Thursday. Here’s some small stocks making big moves on Thursday, October 15, 2020 (as of 4 pm EST):

PopReach Corporation (TSXV:POPR), a Canadian mobile game stock, jumped 45% to $1.48 on Thursday after announcing that it has received a $5 million strategic investment from Alibaba Group’s global investment arm.

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As well, shares of DGTL Holdings Inc. (TSXV:DGTL) gained as much as 20% as the digital media and advertising technology company said it has been awarded a 12-month, US$1 million contract with an unnamed e-marketing services provider.

Hill Street Beverage Company Inc. (TSXV:BEER), meanwhile, reported that it has signed a non-binding Term Sheet with Molecule Holdings Inc. to produce select cannabis-infused beverages. Hill Street Beverage stock moved up 27% to $0.07 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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