FTI Foodtech International Inc. (TSXV:FTI), a Canadian PPE stock, shot up after announcing a COVID-19 Antibody Test Kit deal with Rapid Virus Detect Ltd
A COVID-19 test kit marketing deal produced healthy gains for a Canadian PPE stock Friday. Here’s some small stocks making big moves on Friday, October 2, 2020 (as of 4 pm EST):
FTI Foodtech International Inc. (TSXV:FTI), a Canadian PPE stock, surged 122% to $0.40 on Friday after announcing that it received a letter of authorization from Rapid Virus Detect Ltd. for marketing, sales and after-sales services of its serological COVID-19 Antibody Test Kit, worldwide.
As well, shares of New Found Gold Corp. (TSXV:NFG) gained 25% to $2.68 as the gold explorer revealed drill results from its 100% owned Queensway Gold Project in Newfoundland, which included 41.2 grams per tonne (g/t) gold over 4.75 metres starting at 35 metres down hole depth.
Boston Pizza Royalties Income Fund (TSX:BPF.UN), meanwhile, reported that it is resuming monthly distributions to its unitholders in the amount of $0.065 per unit be paid on October 30, 2020 to unitholders of record at the close of trading on October 21, 2020. Boston Pizza units popped 43% to $7.75 following the announcement.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.