Beverage Stock Bubbles Up on Financial Results

Diamond Estates Wines & Spirits Inc. (CVE:DWS), a beverage stock, popped after announcing that its first-quarter earnings soared 12 fold

Sean Mason | August 19, 2016 | SmallCapPower

Tasty returns from a beverage stock was cause for celebration for more than a few shareholders Friday. Here’s some small stocks making big moves on Friday, August 19, 2016 (as of 4 pm EST):

Beverage stock Diamond Estates Wines & Spirits Inc. (CVE:DWS) jumped 22% to $0.165 on Friday after announcing that its first-quarter revenue rose 26.6% to $9,149,120, while net earnings for the quarter soared 12 fold to $716,202, or $0.01 per share.

As well, shares of Centric Health Corporation (TSE:CHH) gained 14% to $0.42 as the healthcare services provider said its Specialty Pharmacy division has formed a strategic alliance with The Good Samaritan Society to deliver pharmacy services to more than 2,400 long-term care and assisted living residents at all 28 care homes and several specialized programs in British Columbia and Alberta.

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Thor Explorations Ltd. (CVE:THX), meanwhile, reported that it has closed its previously-announced acquisition of a 100% interest in the Segilola gold project in Nigeria. Thor Explorations stock moved up 17% to $0.135 following the announcement.

Finally, Valeura Energy Inc. (TSE:VLE) shares powered 20% higher to $1.15 after the oil and gas producer/explorer announced that its wholly-owned affiliate, Corporate Resources B.V., has executed the definitive transaction documents with Statoil Holding Netherlands B.V. for a farm-in agreement for the exploration of the deeper formations on Valeura’s two 100% owned and operated Banarli exploration licences in Turkey.

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

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