Infrastructure Services Stock Climbs on Contract Awards

ClearStream Energy Services Inc. (TSE:CSM), an infrastructure services stock, surged after announcing that it has been awarded three new contracts

Sean Mason | November 20, 2017 | SmallCapPower

Three new contracts powered an infrastructure services stock sharply higher Monday. Here’s some small stocks making big moves on Monday, November 20, 2017 (as of 4 pm EST):

ClearStream Energy Services Inc. (TSX:CSM), an infrastructure services stock, jumped 71% to $0.12 on Monday after announcing that it has been awarded three new contracts, which are expected to generate $90 million in new backlog and $40 million of new revenue for ClearStream in 2018.

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As well, shares of Garibaldi Resources (TSXV:GGI) sank 14% to $3.95 as the junior explorer said the latest drill hole (EL-17-14) at its 100%-owned E&L Project at Nickel Mountain near Eskay Creek in British Columbia has intersected what the Company called “an important new discovery zone featuring massive nickel-copper-rich sulphides east of the historic E&L deposit.”

Tasca Resources Ltd. (TSXV:TAC), meanwhile, reported that it has optioned the Poplar Property, encompassing over 620 square kilometres and on strike to the west of New Nadina’s Silver Queen property, which is contiguous to the south of Tasca’s newly-acquired Nadina claim blocks in British Columbia. Tasca Resources stock moved up 15% to $0.39 following the announcement.

Finally, ZoomAway Travel Inc. (TSXV:ZMA) shares gained 33% to $0.06 after the provider of a technology platform for hotels and leisure resorts announced a patent-pending software project for Travel Game Block Chain Inc.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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