An acquisition for the records produced a healthy gain for a Canadian healthcare tech stock Friday. Here’s some small stocks making big moves on Friday, November 22, 2019 (as of 4 pm EST):
WELL Health Technologies Corp. (TSXV:WELL), a Canadian healthcare tech stock, rose as much as 6% on Friday after announcing that it has agreed to acquire Trinity Healthcare Technologies, Canada’s second-largest provider of OSCAR (Open Source Clinical Application Resource) based Electronic Medical Records, servicing more than 500 clinics in Ontario. WELL will pay a total consideration of $7,225,000, consisting of $4,696,250 paid in cash on hand as well as $1,445,000 paid in WELL Health common shares at a price of approximately $1.39 per share.
As well, shares of Torque Esports Corp. (TSXV:GAME) were halted as the esports company said it has agreed to a three-way merger with Frankly Inc. (TSXV:TLK) and WinView, Inc. to form an integrated news, gaming, sports and esports platform. The combined company will be called Engine Media Holdings, Inc.
Fortune Minerals Limited (TSX:FT), meanwhile, reported that it has signed an Access Agreement with the Tlicho Government that supports the development of the NICO cobalt-gold-bismuth-copper project in Canada’s Northwest Territories. Fortune Minerals stock moved up 7% to $0.08 following the announcement.
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.