Stellar financial results provided a big boost to a Canadian tech stock Friday. Here’s some small stocks making big moves on Friday, November 9, 2018 (as of 4 pm EST):
Kelso Technologies Inc. (TSX:KLS), a tech stock, powered 42% higher to $0.68 on Friday after announcing that its third-quarter revenue increased to US$3,491,602 from $1,153,341 a year ago, while swinging to a profit of $261,717 from a loss of $1,380,495 during the same period last year.
As well, shares of Sierra Wireless (TSX:SW) fell 18% to $21.20 as the IoT company provided weaker-than-expected guidance for its fourth-quarter revenue and earnings, citing concerns over tariffs.
GMP Capital Inc. (TSX:GMP), meanwhile, reported that its Board of Directors approved the payment of a special cash dividend of $0.075 per common share and reinstated a quarterly cash dividend of $0.025 per common share. GMP Capital stock moved up 10% to $1.99 following the announcement.
Finally, Saint Jean Carbon Inc. (TSXV:SJL) shares rose 17% to $0.035 after the carbon science company announced that it has entered into an agreement with Curtiss Motorcycles Inc. of Birmingham, Alabama to provide Research and Development for Battery Development, Motor and Powertrain Development and other related services.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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Kelso Technologies Inc. (TSX:KLS), a tech stock, powered 42% higher to $0.68 on Friday after announcing that its third-quarter revenue increased to US$3,491,602 from $1,153,341 a year ago, while swinging to a profit of $261,717 from a loss of $1,380,495 during the same period last year.
