Healthcare Tech Stock Powers Up on Contract Win

Reliq Health Technologies Inc. (TSXV:RHT), a healthcare tech stock, jumped after announcing a new contract and pilot conversion

Sean Mason | October 18, 2019 | SmallCapPower

New U.S. contracts continue to produce healthy gains for a Canadian healthcare tech stock Friday. Here’s some small stocks making big moves on Friday, October 18, 2019 (as of 4 pm EST):

Reliq Health Technologies Inc. (TSXV:RHT), a healthcare tech stock, climbed as much as 11% on Friday after announcing that it has converted a pilot in California to contract and signed a new contract with a physician practice in Alabama.

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As well, shares of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) fell 14% to $1.19 as the Canadian cannabis company said its objective is to become EBITDA and operating cash-flow positive by Q2 2020.

Painted Pony Energy Ltd. (TSX:PONY), meanwhile, reported that it has entered into a definitive agreement to sell a 75% working interest in 11,280 gross acres in the northeast British Columbia Montney for $45 million in cash. Painted Pony stock moved up 9% to $0.62 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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