Infrastructure Stock Strengthens on Contract Win

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ADF Group Inc. (TSX:DRX), an infrastructure stock, moved up after signing a series of new commercial agreements

Sean Mason | June 12, 2019 | SmallCapPower

A multi-million dollar contract south of the border boosted a Canadian infrastructure stock Wednesday. Here’s some small stocks making big moves on Wednesday, June 12, 2019 (as of 4 pm EST):

ADF Group Inc. (TSX:DRX), an infrastructure stock, gained 8% to $1.35 on Wednesday after announcing that it has signed a series of new commercial agreements in the commercial building sector in the United States, worth a total of $165.0 million.

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As well, shares of Neptune Wellness Solutions Inc. (TSX:NEPT) rose 6% to $6.52 as the provider of health and wellness products said it has entered into a definitive long-term agreement to provide extraction, formulation and packaging services to The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), which has committed to supply more than 230,000 kilograms of cannabis and hemp biomass to Neptune over a three-year period.

Reliq Health Technologies Inc. (TSXV:RHT) stock, meanwhile, continued to move higher Wednesday, up 23% to $0.265 following a 27% gain on Tuesday, after announcing that it has begun onboarding new patients with three new physician practices in Texas.

Finally, EastWest Bioscience (TSXV:EAST) shares added as much as 6% after the hemp and CBD products provider announced that the TSX Venture Exchange has given the Company approval to sell its products containing CBD into 20 additional U.S. states.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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

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