Cleantech Stock Shines on Solar Financing

OneRoof Energy Group, Inc. (CVE:ON), a cleantech stock, climbed after closing financing for more than $17 million of residential solar projects

Sean Mason | November 7, 2016 | SmallCapPower

It was a sunny day for investors in a cleantech stock Monday. Here’s some small stocks making big moves on Monday, November 7, 2016 (as of 4 pm EST):

Cleantech stock OneRoof Energy Group, Inc. (CVE:ON) surged 53% to $0.115 on Monday after announcing that its wholly-owned subsidiary has closed solar financing funds with unrelated third-party investors that will finance over $17 million of residential solar projects to be originated with homeowners located in California, Connecticut, Massachusetts, Maryland, New Jersey and New York.

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As well, shares of Concordia International Corp. (TSE:CXR) sank 37% to $2.70 as the specialty pharmaceutical company said it is suspending guidance as it assesses the business under its new leadership.

Gran Tierra Energy Inc. (TSE:GTE), meanwhile, reported that it has drilled and cased the Acordionero-5 well, the first Gran Tierra-operated development oil well in the newly-acquired Acordionero field, which exceeded pre-drill expectations with 997 feet of potential gross oil pay and expected first production in mid-November 2016. Gran Tierra Energy stock moved up 7% to $3.86 following the announcement.

Finally, Nobilis Health Corp. (TSE:NHC) shares fell 15% to $3.45 after the healthcare development and management company announced that it swung to a third-quarter net loss of $2.8 million from net income of $10.9 million a year earlier. Revenue for the quarter, though, increased 34.7% to $70.7 million.

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