Canadian Tech Stock Surges on Product Launch

ARHT Media Inc. (TSXV:ART), a Canadian tech stock, climbed after launching its Virtual Global Stage product

Sean Mason | March 18, 2020 | SmallCapPower

A virtual ‘reality’ product launch propelled a Canadian tech stock sharply higher Wednesday. Here’s some small stocks making big moves on Wednesday, March 18, 2020 (as of 4 pm EST):

ARHT Media Inc. (TSXV:ART), a Canadian tech stock specializing in hologram content, powered 50% higher to $0.09 on Wednesday after announcing the introduction of Virtual Global Stage, a digital on-stage experience online that eliminates the need for a venue, travel, or the gathering of presenters and attendees.

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As well, shares of DATA Communications Management Corp. (TSX:DCM) sank 44% to $0.11 as the communication solutions company said owing to, among other things, COVID-19’s impact on certain human resources as well as the recent implementation of its Enterprise Resource Planning system, it is unable to meet its filing deadline of March 30, 2020 to file its audited annual financial statements for the year ended December 31, 2019.

IMV Inc. (TSX:IMV), meanwhile, reported that it is advancing the clinical development of a DPX-based vaccine candidate against COVID-19. IMV stock popped 10% to $3.19 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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