Memex Inc. (CVE:OEE), an Industrial Internet of Things (IIoT) stock, jumped after announcing the receipt of more than $380,000 of purchase orders
Sean Mason | June 27, 2017 | SmallCapPower
A recent flood of purchase orders lifted shares of an Industrial Internet of Things (IIoT) company Tuesday. Here’s some small stocks making big moves on Tuesday, June 27, 2017 (as of 4 pm EST):
Memex Inc. (TSXV: OEE), an Industrial Internet of Things (IIoT) stock, powered 31% higher to $0.19 on Tuesday after announcing that during the past six weeks, ending June 21, 2017, it has received more than $380,000 of purchase orders.
As well, shares of Canopy Growth Corporation (TSX: WEED) slipped 6% to $7.99 as the cannabis producer said its fiscal 2017 revenue increased 214% to $39.9 million. Its Adjusted EBITDA loss, however, widened to $17.0 million from $14.1 million in 2016.
Millennial Esports Corp. (TSXV: GAME), meanwhile, reported that it has agreed to acquire the business of IDEAS+CARS Ltd., which is in the esports racing space, in consideration for £100,000 plus 1,339,655 Millennial Esports common shares. Millennial Esports stock popped 14% to $0.66 following the announcement.
Finally, Select Sands Corp. (TSXV: SNS) shares jumped 12% to $0.85 after the producer of industrial silica announced that it now anticipates second quarter 2017 total frac/industrial sand sales volumes to be at least twice the 22,427 tons sold and shipped during the first quarter.
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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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