FinTech Stock Moves Up on Customer Win

The Mint Corporation (TSXV:MIT), a FinTech stock, jumped after announcing that its subsidiary has won a new customer with a portfolio of over 100,000 payroll card accounts

Sean Mason | January 8, 2019 | SmallCapPower

Another big cardholder transaction propelled a Canadian FinTech stock higher Tuesday. Here’s some small stocks making big moves on Tuesday, January 8, 2019 (as of 4 pm EST):

The Mint Corporation (TSXV:MIT), a FinTech stock, climbed 10% to $0.17 on Tuesday after announcing that its majority-owned subsidiary, Mint Gateway For Electronic Payments Services LLC, has won a new customer with a portfolio of over 100,000 payroll card accounts. The Company added that the customer is a leading UAE financial institution.

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As well, shares of Imperial Metals Corporation (TSX:III) slipped 11% to $1.78 as the miner said operations at the Mount Polley mine will be suspended due to declining copper prices.

New Gold Inc. (TSX:NGD), meanwhile, reported fourth-quarter operating results from its Rainy River and New Afton Mines. The Company said the Rainy River Mine reported its best-ever quarterly gold production of 77,202 ounces, a 39% increase from the previous quarter, while production at the New Afton Mine exceeded the high end of annual guidance. New Gold stock moved up 12% to $1.43 following the announcement.

Finally, Emblem Corp. (TSXV:EMC) shares rose as much as 6% after the cannabis company announced that Emblem-branded cannabis oils are now available online through Shoppers Drug Mart to patients with a valid medical authorization.

Ubika Research/SmallCapPower has received compensation from The Mint Corp to provide analyst research coverage. For full disclosure please visit here >>.

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

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