More than a few speculators piled into a Canadian Blockchain stock Thursday following a cryptocurrency mining acquisition. Here’s some small stocks making big moves on Thursday, November 30, 2017 (as of 4 pm EST):
Block One Capital Inc. (TSXV:BLOK), a Canadian Blockchain stock, surged 29% to $0.90 after announcing that it has signed a binding term sheet to acquire 90% of the equity of TG12 Ventures Inc., a private company engaged in cryptocurrency mining, for a total consideration of up to US$2.3 million.
As well, shares of Acerus Pharmaceuticals Corporation (TSX:ASP) gained 20% to $0.365 as the specialty pharmaceutical company said it has received C$1.6 million worth of NATESTO purchase orders from its U.S. licensee Aytu BioScience.
LiCo Energy Metals Inc. (TSXV:LIC), meanwhile, reported assay results for the first diamond drill hole completed on the Teledyne Cobalt Property near Cobalt, Ontario, which included 3.92% Co over 0.75 metres from 140.25 to 141.00 metres. LiCo Energy Metals stock moved up 23% to $0.185 following the announcement.
Finally, Mission Ready Services Inc. (TSXV:MRS) shares jumped 20% to $0.295 after the provider of protective equipment for military personnel and first-responders announced the fulfillment of an initial order from the Republic of Tunisia Armed Forces.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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