A big-dollar contract propelled a networking solutions penny stock sharply higher Wednesday. Here’s some small stocks making big moves on Wednesday, October 18, 2017 (as of 4 pm EST):
NTG Clarity Networks Inc. (TSXV:NCI), a networking solutions penny stock, jumped 50% to $0.045 on Wednesday after announcing that it has signed a frame agreement contract with an operator in the Gulf region to help enhance its operational efficiency. The initial phase is estimated at C$4.5 million over a three-year period.
As well, shares of NexGen Energy Ltd. (TSX:NXE) added 3% at $2.78 as the uranium junior said aggressive step-out drilling at the recently-discovered South Arrow deposit in Saskatchewan’s Athabasca Basin has intersected “significant” off-scale radioactivity in multiple holes, and has extended the strike length and vertical extent of high-grade mineralization to 240 metres and 185 metres, respectively.
EnerDynamic Hybrid Technologies Corp. (TSXV:EHT), meanwhile, reported that it has received the first order from The Foundation General Akissi on behalf of the Ivory Coast government to build 4,000 houses, which represent the first tranche of Phase 1 of the agreement announced on December 12, 2016. EnerDynamic Hybrid Technologies stock popped 45% to $0.145.
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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