Cleantech Stock Climbs on Contract Win

Thermal Energy International Inc. (CVE:TMG), a cleantech stock, jumped after announcing a $1.25 million order from a major hospital group

Sean Mason | November 2, 2016 | SmallCapPower

A big hospital order boosted a tiny cleantech stock Wednesday. Here’s some small stocks making big moves on Wednesday, November 2, 2016 (as of 4 pm EST):

Cleantech stock Thermal Energy International Inc. (CVE:TMG) shares surged 15% to $0.15 on Wednesday after announcing that it has received a $1.25 million order from a major hospital group for one of the Company’s FLU-ACE heat recovery systems, which is designed to recover waste heat from three boiler exhaust stacks at one hospital.

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As well, shares of Aecon Group Inc. (TSE:ARE) slid 16% to $14.38 after the construction and infrastructure development provider said its third-quarter revenue fell 4% to $838 million, while diluted earnings per share for the quarter rose to $0.42 from $0.35 during the same period last year.

Espial Group Inc. (TSE:ESP), meanwhile, reported Q3 results, saying it continued to roll-out NOS’s next generation UMA TV service to “positive reviews” in Portugal, and has entered the final stretch of working towards a commercial launch for Tele Columbus in Germany with its products, which is “positively impacting” the Company’s sales pipeline with service providers looking to adopt RDK based solutions. Espial Group stock moved up 19% to $1.90 following the announcement.

Finally, Quest PharmaTech Inc. (CVE:QPT) shares jumped 29% to $0.11 after its subsidiary, OncoQuest Inc., announced that its Joint Venture Partner in China, OncoVent Co., Ltd., has launched its clinical development program for Anti-MUC1 MAb AR20.5 for the treatment of pancreatic cancer.

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