Healthcare Tech Stock Climbs on Strategic Investment

VitalHub Corp. (TSXV:VHI), a healthcare tech stock, jumped after completing a $3.3 million non-brokered private placement

Sean Mason | January 21, 2019 | SmallCapPower

A private placement was good news for investors in a healthcare tech stock Monday. Here’s some small stocks making big moves on Monday, January 21, 2019 (as of 4 pm EST):

VitalHub Corp. (TSXV:VHI), a healthcare tech stock, continued to move higher Monday, up 17% to $0.205 following a 6% gain on Friday, after announcing that it has completed a $3.3 million non-brokered private placement with the former founders and management team of Aastra Technologies at a price $0.16 per unit.

Watch: VitalHub (TSXV:VHI) CEO Says the Company is on a $9 Million Revenue Trajectory for 2019

As well, shares of Westhaven Ventures Inc. (TSXV:WHN) slid 30% to $0.84 as the junior explorer said it has released drill results from its Shovelnose gold property in British Columbia, which included 12.90 metres of 12.11 g/t gold and 94.31 g/t silver.

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ZCL Composites Inc. (TSX:ZCL), meanwhile, reported that it has agreed to be acquired by Shawcor Ltd. (TSX:SCL) for a purchase price of $10.00 per share in cash. ZCL Composites stock popped 36% to $9.91 following the announcement.

Finally, GGX Gold Corp. (TSXV:GGX) shares gained 5% to $0.105 after the precious metals explorer announced that it has received drill core analytical results for the final four drill holes of the November 2018 diamond drilling program at its Gold Drop Property in British Columbia, which included 107.5 g/t gold and 880 g/t silver over 6.90 meters core length.

Ubika Research/SmallCapPower has received compensation from VitalHub to provide analyst research coverage. For full disclosure please visit here >>.

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

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