Strong free cash flow growth boosted a consumer products stock Friday. Here’s some small stocks making big moves on Friday, August 14, 2020 (as of 4 pm EST):
MAV Beauty Brands Inc. (TSX:MAV), a consumer products stock, jumped 10% to $3.07 on Friday after announcing that its second-quarter revenue rose 17% year over year to $29.6 million, while its free cash flow for the period increased to $7.1 million from $0.8 million a year earlier.
As well, shares of Quantum Numbers Corp. (TSXV:QNC) powered 110% higher to $0.105 as the developer of cryptographic solutions based on a Quantum Random Number Generator said it has achieved a “ R&D breakthrough” by producing an operational prototype that has successfully resolved technical issues that kept the Company from its targeted CMOS implementation.
Fura Gems Inc. (TSXV:FURA), meanwhile, reported that it has entered into a going-private transaction at a price of C$0.15 per share. Fura Gems stock popped 27% to $0.14 following the announcement.
Finally, D-BOX Technologies Inc. (TSX:DBO) shares gained 75% to $0.07 after the provider of immersive entertainment experiences announced that it has signed a new partnership agreement with Ubisoft, in which D-BOX’s motion technology will enable Ubisoft to create enhanced experiences for players.
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.
MAV Beauty Brands Inc. (TSX:MAV), a consumer products stock, jumped 10% to $3.07 on Friday after announcing that its second-quarter revenue rose 17% year over year to $29.6 million, while its free cash flow for the period increased to $7.1 million from $0.8 million a year earlier.
, on Friday.){kind=link}