Canadian PPE Stock Climbs on COVID-19 Test Agreement

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

Sean Mason | October 2, 2020 | SmallCapPower

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.

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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.

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

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