A big Eric Sprott stock buy sparked shares of a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, July 8, 2020 (as of 4 pm EST):
Stratabound Minerals Corp. (TSXV:SB) shares powered 111% higher to $0.19 on Wednesday after the gold explorer announced that Eric Sprott acquired three million shares of Stratabound on July 3, 2020, through Jerritt Canyon Canada Ltd., a company controlled by him, at a price of $0.05 per share, which increases his ownership stake in SB to 19.05%.
As well, shares of Goodfood Market Corp. (TSX:FOOD) gained 6% to $6.02 as the online grocery company revealed better-than-expected Q3 financial results, which included revenue of $86.6 million and net income of $2.8-million, or $0.05 per share. Analysts were expecting revenue of $81.8 million and a loss of $0.05 per share.
Nubeva Technologies Ltd. (TSXV:NBVA), meanwhile, reported that it has signed a “seven figure, multi-year” license agreement with a $10 billion market cap cybersecurity solutions company, in which Nubeva received a $1 million initial payment to license its Symmetric Key Intercept solution. Nubeva Technologies stock popped 218% to $0.27 following the announcement.
Finally, Calian Group Ltd. (TSX:CGY) shares rose 4% to $60 after the technology company announced that it has agreed to acquire Comprehensive Training Solutions International (CTS), a boutique training firm based out of Norway. Calian said CTS has trailing annual revenues of approximately $4 million and is expected be EBITDA accretive within the first 12 months.
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.