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.

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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.

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