Sean Mason | December 3, 2015 |
SmallCapPower
Financials
painted a promising picture for a video producer Thursday, while a patent announcement
boosted a 3D printing stock. Here’s some small stocks making big moves on Thursday,
December 3, 2015 (as of 4 pm EST):
VidWRX Inc. (TSXV:
VID) shares climbed 14% to $0.08 on Thursday after the provider of scalable
video production solutions announced preliminary and un-audited numbers
indicating that the fourth quarter of 2015 will be a record for the Company,
with quarterly sales bookings expected to be approximately $765,000 and
quarterly revenues expected to be $190,000. VidWRX added that its sales backlog
will also grow to about $2.3 million.
For more insight into VidWRX please see the Ubika Research report
here >>
As well,
shares of GuestLogix Inc. (TSX: GXI) slipped 11% to $0.29 as the merchandising payment provider
to airlines and the passenger travel industry said it has entered into
forbearance agreements with its senior lender and its subordinated lenders in
respect of its C$7.5 million senior revolving credit facility and its C$9
million subordinated term credit facility, as a result of the previously
disclosed breach by the Company of its EBITDA covenant with its lenders.
Graphene 3D Lab Inc. (TSXV:
GGG), meanwhile, reported that it has filed a provisional patent
application relating to the process of 3D printing an organic LED light source
with its multi-functional 3D Printer. The printer patent relates to technology
that the Company expects will lead the global industry in multiple deposition
techniques, robotic manipulator, laser and UV curing capabilities. Graphene 3D
Lab stock moved up as much as 12% before easing 1.5% to $0.325 following the announcement.
Finally, Magellan Minerals Ltd. (TSXV:
MNM) shares slid 18% to $0.045 after the gold explorer said it has entered
into a comprehensive debt settlement agreement with its management group.
Disclosure: VidWRX is a SmallCapPower client
company and has paid a fee for coverage.
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