Tech Stock Powers Higher on Partnership Announcement

Martello Technologies Group Inc. (TSXV:MTLO), a Canadian tech stock, jumped after announcing a partnership with Suria Business Solutions

Sean Mason | July 9, 2019 | SmallCapPower

A high-flying Canadian tech stock continued to gain altitude Tuesday following an Asian partnership. Here’s some small stocks making big moves on Tuesday, July 9, 2019 (as of 4 pm EST):

Martello Technologies Group Inc. (TSXV:MTLO), a Canadian tech stock, surged as much as 21% before ending 23% lower to $0.60 on Tuesday after announcing a partnership with Suria Business Solutions, a provider of IP Telephony and Unified Communications & Collaboration systems, applications, service and solutions to more than 500 customers in Malaysia and Indonesia. Martello develops products and solutions that monitor, manage and optimize the performance of real-time applications on networks, while giving IT teams and service providers control and visibility of their entire IT infrastructure.

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As well, shares of Kerr Mines Inc. (TSX:KER) rose 5% to $0.225 as the gold junior released final drilling results from the first phase of its 2019 resource expansion program at the Copperstone Mine in Arizona, which included three meters of 27.45 g/t gold.

North Arrow Minerals Inc. (TSXV:NAR), meanwhile, reported that it has been notified by joint venture partner and operator Dominion Diamond Mines that kimberlite has been discovered in the first drill hole of the summer exploration drilling program at the LDG Joint Venture Diamond Project in the Northwest Territories. North Arrow Minerals stock moved up 8% to $0.07 following the announcement.

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

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