Record revenue sparked a Canadian renewable energy stock Tuesday. Here’s some small stocks making big moves on Tuesday, August 11, 2020 (as of 4 pm EST):
Pinnacle Renewable Energy (TSX:PL), a Canadian renewable energy stock, surged 17% to $5.85 on Tuesday after announcing record Q2 revenue of $132.2 million, up 27% from a year ago, along with Adjusted EBITDA of $16.1 million for the quarter.
As well, shares of Fennec Pharmaceuticals Inc. (TSX:FRX) sank 35% to $8.75 as the specialty pharmaceutical company said it received a Complete Response Letter from the U.S. Food and Drug Administration (FDA) regarding its New Drug Application for PEDMARK, for the prevention of ototoxicity associated with cisplatin chemotherapy in pediatric patients, which identified deficiencies with the facility of the drug product manufacturer.
Solaris Resources Inc. (TSXV:SLS) stock, meanwhile, continued to move higher Tuesday, up 23% to $2.99 following 38% a gain on Monday, after reporting assay results for the first hole at its Warintza Project in Ecuador, which included 567 metres of 1.0% copper equivalent from surface.
Finally, GLG Life Tech Corporation (TSX:GLG) shares jumped 28% to $0.25 after the zero-calorie sweetener supplier announced the sale of one of its two idle facilities, along with substantial reduction of the Company’s debt.
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.