Energy Services Stock Climbs on New Contracts

Gemini Corporation (CVE:GKX), an energy services stock, moved up after announcing that it recently won $15 million of new business

Sean Mason | July 4, 2017 | SmallCapPower

New multi-million dollar business was good news for investors in an energy services stock Tuesday. Here’s some small stocks making big moves on Tuesday, July 4, 2017 (as of 4 pm EST):

Gemini Corporation (TSXV: GKX), an energy services stock, rose 5% to $0.115 on Tuesday after announcing that it recently won $15 million of new business from four major clients, two of which are major heavy oil producers and two are major players in the midstream energy sector. The Company added that all of the projects are scheduled for 2017 completion.

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As well, shares of NioCorp Developments Ltd. (TSX: NB) slipped 4% to $0.72 as the superalloy materials project developer said it has entered into a best efforts private placement agreement to raise up to C$2 million at a price of C$0.65 per unit.

Peeks Social Ltd. (TSXV: PEEK), meanwhile, reported that the average monthly dollars deposited per user increased over 800% between November 2016 and May 2017. The Company added that its CEO, Mark Itwaru, purchased an additional 79,500 shares of the Company’s common stock on June 30, 2017. Peeks Social stock moved up 8% to $0.84 following the announcement.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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