More than a few speculators took a shine to a solar energy stock Wednesday following a U.S. project build. Here’s some small stocks making big moves on Wednesday, March 14, 2018 (as of 4 pm EST):
Solar Alliance Energy Inc. (TSXV:SOLR), a solar energy stock, powered 50% higher to $0.09 on Wednesday after announcing it will build a 2.4 MW commercial solar project for a Fortune Global 500 company in the southeast United States. Estimated completion for the Project is Q3 2018.
As well, shares of Canada Jetlines Ltd. (TSXV:JET) skidded 25% lower to $1.07 as the pending ultra-low-cost carrier said it will not attain a June 2018 start-up date as previously projected, as it has yet to secure definitive aircraft delivery dates due to the recent tightening of the current market for leased aircraft.
AgJunction Inc. (TSX:AJX), meanwhile, reported that it has entered into a bulk purchase order with a customer to supply its Steering Solutions products to the customer for an aggregate purchase price of approximately $55 million. AgJunction stock moved up 18% to $0.65 following the announcement.
Finally, Tetra Bio-Pharma Inc. (TSXV:TBP) shares rose 6% to $1.03 after the biopharmaceutical company announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to the active ingredients of its PPP001 drug for the treatment of complex regional pain syndrome.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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Solar Alliance Energy Inc. (TSXV:SOLR), a solar energy stock, powered 50% higher to $0.09 on Wednesday after announcing it will build a 2.4 MW commercial solar project for a Fortune Global 500 company in the southeast United States. Estimated completion for the Project is Q3 2018.
