Canadian PPE Stock Soars on U.S. Contracts

Mission Ready Solutions Inc. (TSXV:MRS), a Canadian PPE stock, jumped after being awarded U.S. government contracts for personal protective equipment

Sean Mason | September 18, 2020 | SmallCapPower

Big U.S. government contracts related to COVID-19 propelled a Canadian PPE stock sharply higher Friday. Here’s some small stocks making big moves on Friday, September 18, 2020 (as of 4 pm EST):

Mission Ready Solutions Inc. (TSXV:MRS), a Canadian PPE stock, surged 182% to $0.24 on Friday after announcing that it has been awarded a total of seven U.S. government contracts for personal protective equipment, consisting of disposable level 2 and level 3 isolation gowns. The estimated value of the agreement is C$127,878,307.

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As well, shares of Westport Fuel Systems Inc. (TSX:WPRT) shot up 40% to $2.99 as the supplier of low-carbon fuel delivery components and systems said its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system.

A.I.S. Resources Limited (TSXV:AIS), meanwhile, reported that it been granted an option to purchase the Kingston Gold Project in Victoria, Australia. A.I.S. Resources stock moved up as much as 12% 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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