Energy Tech Stock Charges Higher on Contract Win

Published:

Eguana Technologies Inc. (TSXV:EGT), an energy tech stock, surged after entering into a development contract with a renewable energy company

Sean Mason | January 21, 2020 | SmallCapPower

A million dollar plus contract award powered a small energy tech stock sharply higher Tuesday. Here’s some small stocks making big moves on Tuesday, January 21, 2020 (as of 4 pm EST):

Eguana Technologies Inc. (TSXV:EGT), an energy tech stock, continued to move higher Tuesday, up 32% to $0.125 following a 19% gain on Monday, after announcing that it has entered into a development contract with a leading renewable energy company to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets. Eguana has confirmed the contract value of +$1 million and has received upfront payments of over $750,000 with the balance due upon successful product certification.

Win Big With Our Small Cap Picks

 

As well, shares of Cipher Pharmaceuticals Inc. (TSX:CPH) slipped 16% to $1.09 as the specialty pharmaceutical company said it has received a Notice of Termination from Bausch Health in connection with the License, Development and Commercialization Agreement of Trulance (plecanatide).

exactEarth Ltd. (TSX:XCT), meanwhile, reported that it has reached agreement on updated terms to the original Satellite-AIS Business Agreement with L3Harris Technologies, Inc. entered into in 2015, which the Company says will reduce and simplified the cost structure for its Satellite-AIS data services going forward, while opening up additional growth opportunities for both parties. exactEarth stock popped 39% to $0.43 following the announcement.

Finally, Prophecy Development Corp. (TSX:PCY) shares gained as much as 14% after the resource junior announced the first step-out diamond drilling results from its 100%-controlled Pulacayo silver project in Bolivia, which included 10 meters of mineralization grading 147 g/t silver, 9.8% zinc, and 2.0% lead (539 g/t silver equivalent).

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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:

Related articles

Recent articles