Airline Component Stock Flies Higher on Boeing Deal

Airline component stock Avcorp Industries Inc. (TSE:AVP) climbed after being awarded multiple production contracts from Boeing

Sean Mason | September 22, 2016 | SmallCapPower

A Boeing contract award caused an airline component stock to take flight Thursday. Here’s some small stocks making big moves on Thursday, September 22, 2016 (as of 4 pm EST):

Avcorp Industries Inc. (TSE:AVP) shares powered 39% higher to $0.09 on Thursday after the designer and manufacturer of major airframe structures announced that it has been awarded multiple production contracts from Boeing. Avcorp added that its order backlog is currently estimated at $579 million.

Win Big With Our Small Cap Picks

 

As well, shares of Colorado Resources Ltd. (CVE:CXO) sank 33% to $0.265 as mineral exploration company said it has completed its 2016 field work and drilling program on the KSP Property in British Columbia while releasing assay results from Inel drill holes 31- 45, which included 4 metres of 16.02 g/t gold.

Keek (CVE:KEK), meanwhile, reported that it is set to offer Peeks livestreaming service to 75 million current and former Keek users. The Peeks service, through its e-commerce engine, has been able to process over 16,000 transactions in a live environment in its first month, including inter-user transactions, credit card purchases, and withdrawals directly to broadcasters’ bank accounts. The service will also soon allow users to buy products in real time by tapping their screens inside a livestreaming broadcast. Keek stock popped 10% to $0.22 following the announcement.

Finally, Aldrin Resource Corp. (CVE:ALN) shares climbed 6% to $0.09 after the junior explorer announced the signing of an agreement to acquire two prospective lithium projects, one Ontario and the other in Nova Scotia, with previously-completed work programs having demonstrated the presence of lithium over wide areas.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

DISCLAIMER

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.