Graphite Junior Climbs on Purchase Orders

Great Lakes Graphite Inc. (TSXV: GLK), a graphite junior, moved up after announcing three new purchase orders

Sean Mason | January 18, 2017 | SmallCapPower

New purchase orders sparked the interests of a few graphite junior speculators Wednesday. Here’s some small stocks making big moves on Wednesday, January 18, 2017 (as of 4 pm EST):

Great Lakes Graphite Inc. (TSXV: GLK) shares rose as much as 13% before ending unchanged at $0.08 on Wednesday after the graphite junior announced that it has received three new purchase orders for a combined 60 tons of micronized graphite from the large U.S. industrial company that purchased over 420 tons of graphite from the Company in 2016.

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As well, shares of Columbus Gold Corp. (TSX: CGT) sank 15% to $0.71 after the gold explorer said it has entered into a $5 million bought deal financing agreement at a price of $0.63 per share.

3tl Technologies Corp. (TSXV: TTM), meanwhile, reported that it has signed a two-year license agreement to provide PLATFORM, its Software as a Service (SaaS) consumer marketing platform, to a global provider of turf, snow and ground engaging equipment, and irrigation and outdoor lighting solutions. 3tl Technologies stock moved up 22% to $0.055 following the announcement.

Finally, AcuityAds Holdings Inc. (TSXV: AT) shares jumped 11% to $3.40 after the digital media solutions provider announced that it anticipates revenue for Q4 2016 to be approximately $18.0 million, compared to $7.6 million in Q4 2015, along with Adjusted EBITDA for the quarter of about $2.0 million.

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