Health Tech Stock Climbs on Contract Rollout, Guidance

Reliq Health Technologies Inc. (CVE:RHT), a health tech stock, moved up after announcing the go-live of its remote patient monitoring and telemedicine solution with Paz Home Health LLC

Sean Mason | August 1, 2017 | SmallCapPower

An expected surge in recurring revenue was a dose of good news for investors in a health tech stock Tuesday. Here’s some small stocks making big moves on Tuesday, August 1, 2017 (as of 4 pm EST):

Reliq Health Technologies Inc. (TSXV: RHT), a health tech stock, jumped 14% to $0.125 on Tuesday after announcing the go-live of its remote patient monitoring and telemedicine solution with Paz Home Health LLC in Texas. The Company expects to add more than 500 Paz Home Health patients to the platform each month going forward, generating over $6 million in recurring annual revenue at full deployment.

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As well, shares of Guyana Goldfields Inc. (TSX: GUY) slipped 15% to $4.10 as the gold miner said it expects 2017 production to come in at the lower end of the guidance range of 160,000 to 180,000 ounces of gold.

International Barrier Technology Inc. (TSXV: IBH), meanwhile, reported that it has agreed to be acquired by Louisiana-Pacific Corporation for US$0.41 per common share in cash, or a total purchase price of US$22 million. International Barrier Technology stock popped 60% to $0.495 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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