Canadian eSports Stock Surges on Partnership Announcement

Partnership momentum revved up a Canadian eSports stock, Millennial Esports Corp. (TSXV:GAME), on Thursday

Sean Mason | August 15, 2019 | SmallCapPower

Partnership momentum revved up a Canadian eSports stock Thursday. Here’s some small stocks making big moves on Thursday, August 15, 2019 (as of 11:30 am EST):

Millennial Esports Corp. (TSXV:GAME), a Canadian eSports stock, jumped 31% to $0.85 on Thursday after announcing a partnership with Allinsports, the first of several new partners for the second season of the leading eSports racing competition.

As well, shares of Just Energy Group Inc. (TSX:JE) sank 28% to $2.97 as the consumer-focused energy provider revealed first-quarter financial results that missed analyst expectations. The Company added that it is suspending its dividend pending a corporate strategic review.

AcuityAds Holdings Inc. (TSX:AT), meanwhile, reported that it generated $25.8 million in revenue and $1.1 million in Adjusted EBITDA during its second-quarter of 2019 while surpassing $100 million in revenue on a trailing twelve-month basis. AcuityAds Holdings stock popped 13% to $1.29 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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