Cleantech Stock Rises on Revenue, Earnings Surge

Thermal Energy International Inc. (TSXV:TMG), a cleantech stock, powered up after announcing its fiscal 2018 financial results

Sean Mason | September 28, 2018 | SmallCapPower

Full-year financial results caused a cleantech stock to shine Friday. Here’s some small stocks making big moves on Friday, September 28, 2018 (as of 4 pm EST):

Thermal Energy International Inc. (TSXV:TMG), a cleantech stock, gained 13% to $0.085 on Friday after announcing that its fiscal 2018 revenue increased 32% to $17.4 million, while its net income for the year surged 58% to $619,000.

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As well, shares of Select Sands Corp. (TSXV:SNS) sank 14% to $0.16 as the industrial silica producer said it will be halting its previously-announced Independence expansion project due to a period of softer demand for Northern White silica/fracking sand.

VIVO Cannabis Inc. (TSXV:VIVO), meanwhile, reported that it has signed a multi-year agreement with national cannabis distributor Green Hedge Education & Distribution Services Ltd., which will be VIVO’s Canadian sales and distribution partner. VIVO Cannabis stock moved up 5% to $1.56 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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