Canadian Cleantech Stock Climbs on Progress Update

Orbite Technologies Inc. (TSX: ORT), a Canadian cleantech stock, jumped after providing a progress update

Sean Mason | January 23, 2017 | SmallCapPower

An update from a Canadian cleantech company was a breath of fresh air for its shareholders Monday. Here’s some small stocks making big moves on Monday, January 23, 2017 (as of 4 pm EST):

Orbite Technologies Inc. (TSX: ORT) shares surged 30% to $0.345 on Monday after the Canadian cleantech company provided an update on its progress with the production of high purity alumina, which included the receipt of its first two commercial purchase orders for the supply of high purity alumina.

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As well, shares of Aptose Biosciences Inc. (TSX: APS) sank 18% to $1.40 as the clinical-stage biotech company said it will temporarily delay clinical activities with APTO-253, a Phase 1 stage compound for acute myeloid leukemia, in order to elucidate the cause of recent manufacturing setbacks related to the intravenous formulation of APTO-253, with the intention of restoring the molecule to a state supporting clinical development and partnering.

Cordoba Minerals Corp. (TSXV: CDB), meanwhile, reported that drilling at the San Matias Copper-Gold Project in Colombia has intersected what the Company called “bonanza gold veins” at Alacran, which included 4,440 g/t gold, 10.25% copper, 24.7% zinc, and 347 g/t silver over 0.9 meters. Cordoba Minerals stock popped 39% to $1.29 following the announcement.

Finally, Balmoral Resources Ltd. (TSX: BAR) shares gained 28% to $0.95 after the gold junior announced drill results on the Bug South gold deposit on its Martiniere Property in Quebec, which included 41.95 metres grading 3.24 g/t gold.

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