A revenue and earnings surge sent a digital media stock sharply higher Tuesday. Here’s some small stocks making big moves on Tuesday, May 29, 2018 (as of 4 pm EST):
YANGAROO Inc. (TSXV:YOO), a digital media stock, climbed 32% to $0.225 on Tuesday after announcing that its first-quarter revenue rose 12% to $1,949,090, while net income for the quarter increased 159% to $84,971.
As well, shares of Melior Resources Inc. (TSXV:MLR) gained 7% to $0.08 as the resource project developer said it is making progress towards production at its Goondicum Ilmenite Project in Australia, which it estimates to be 11% complete.
E3 Metals Corp. (TSXV:ETMC), meanwhile, reported results of its initial metallurgical test work on its proprietary concentration technology, which the Company claimed achieved “fast & efficient concentration” of lithium from its petro-lithium brine. E3 Metals stock moved up 17% to $0.45 following the announcement.
Finally, Drone Delivery Canada (TSXV:FLT) shares rose 9% to $1.74 after the drone technology company announced that it has signed an agreement to collaborate with Toyota Tsusho Canada Inc. on a drone delivery logistics platform.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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YANGAROO Inc. (TSXV:YOO), a digital media stock, climbed 32% to $0.225 on Tuesday after announcing that its first-quarter revenue rose 12% to $1,949,090, while net income for the quarter increased 159% to $84,971.
