Consumer Products Stock Jumps on Sales Update

Naturally Splendid Enterprises Ltd. (TSXV:NSP), a consumer products stock, powered up after announcing a sales and distribution update for its NATERA Sport Keto Bars

Sean Mason | July 4, 2019 | SmallCapPower

A product distribution and sales announcement whetted a few investors’ appetite for a consumer products stock Thursday. Here’s some small stocks making big moves on Thursday, July 4, 2019 (as of 4 pm EST):

Naturally Splendid Enterprises Ltd. (TSXV:NSP), a consumer products stock, continued to move higher Thursday, up 8% to $0.14 following a 24% gain on Wednesday, after announcing that its recently-launched NATERA Sport Keto Bars are now available in retail outlets across Canada, including Whole Foods, Sobeys’s, Loblaws, Longo’s, and Metro. The Company added that sales of this product have exceeded C$285,000 in the first three months of the official launch date.

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As well, shares of Black Iron Inc. (TSX:BKI) rose 27% to $0.14 as the iron ore junior said Ukraine’s recently-elected President, Volodymyr Zelensky, made several highly supportive statements regarding development of Black Iron’s project at an Economic Club of Canada event recently.

Martello Technologies Group Inc. (TSXV:MTLO) stock, meanwhile, continued to power higher Thursday, up 55% to $0.41 following a 40% advance on Wednesday, after Company Co-Chairman Bruce Linton appeared on television wearing a Martello Technologies shirt. Mr. Linton was recently relieved of his duties at Canopy Growth Corp. and speculators are betting that he will now assume a bigger role at Martello.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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