Healthcare Tech Stock Powers Up on Revenue Expectations

Reliq Health Technologies Inc. (CVE:RHT), a healthcare tech stock, jumped after announcing the go-live of its remote patient monitoring and telemedicine platform

Sean Mason | August 17, 2017 | SmallCapPower

A potential surge in recurring revenue generated much speculation in a healthcare tech stock Thursday. Here’s some small stocks making big moves on Thursday, August 17, 2017 (as of 4 pm EST):

Reliq Health Technologies Inc. (TSXV: RHT), a healthcare tech stock, climbed 32% to $0.185 on Thursday after announcing the go-live of remote patient monitoring, care coordination and telemedicine platform with their Rio Grande Valley Health Alliance, LLC in Texas. Reliq Health expects to add more than 500 patients to the platform each month going forward, generating over US$20 million in recurring annual revenue at full deployment.

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As well, shares of Banro Corporation (TSX: BAA) fell 11% to $0.34 as the gold miner said its second-quarter revenue slid 30% to US$42 million.

YDreams Global Interactive Technologies Inc. (TSXV: YD), meanwhile, reported that it has been commissioned by one of the Top 5 energy companies in the world, with more than US$17 billion in annual revenue, to create a Virtual Reality immersive experience to present to guests at the largest solar energy complex in Brazil. YDreams stock moved up 17% to $0.175 following the announcement.

Finally, ATAC Resources Ltd. (TSXV: ATC) shares rose 10% to $0.64 after the gold junior announced results of the first four diamond drill holes from the Conrad Zone within the Osiris Project at the Rackla Gold Property in the Yukon, which included 67.06 metres of 3.35 g/t gold.

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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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