Travel Services Stock Sails Higher on Insider Buying

Cuba Ventures Corp. (TSXV:CUV), a travel services stock, climbed after announcing that Bernard Lonism acquired nine million units of Cuba Ventures stock

Sean Mason | February 23, 2018 | SmallCapPower

Buying from a significant shareholder boosted a travel services stock Friday. Here’s some small stocks making big moves on Friday, February 23, 2018 (as of 4 pm EST):

Cuba Ventures Corp. (TSXV:CUV) a travel services stock, rose 9% to $0.185 on Friday after announcing that Bernard Lonism, through his company Vesilen Investment SL, acquired nine million units of Cuba Ventures at $0.055 per unit by way of private placement, and now owns approximately 20.8% of Cuba Ventures’ total outstanding shares.

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As well, shares of Relevium Technologies Inc. (TSXV:RLV) slipped 9% to $0.16 as the e-commerce provider for the health and wellness sector said it experienced a temporary decrease in revenue during the first six months of operating its recently-acquired BioGanix business.

Intermap Technologies Corporation (TSX:IMP), meanwhile, reported a 174% increase in 2017 revenue and a $11.6 million improvement in cash from operations, compared to 2016. The Company also recorded positive net income for the fourth quarter. Intermap Technologies stock moved up 10% to $0.52 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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