Information Technology Stock Powers Higher on Financial Results

AtmanCo Inc. (CVE:ATW), an information technology stock, surged after announcing that its fiscal 2016 revenue soared 298%

Sean Mason | April 24, 2017 | SmallCapPower

Soaring revenue and a fourth-quarter profit sent shares of an information technology stock sharply higher Monday. Here’s some small cap stocks making big moves on Monday, April 24, 2017 (as of 4 pm EST):

Information Technology stock AtmanCo Inc. (TSXV: ATW) jumped 41% to $0.155 on Monday after announcing that its fiscal 2016 revenue soared 298% to $3.4 million, while swinging to a profit of $366,000 during its fourth quarter.

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As well, shares of SEMAFO Inc. (TSX: SMF) slid 16% to $3.32 as the gold miner said it has adjusted its 2017 guidance downward to between 190,000 and 205,000 ounces of gold, at all-in sustaining cost of between US$920 and US$960 per ounce. The Company added that the mined grade during its first quarter was affected adversely by the geological interpretation of the upper portion of Zone 9, a mineralized zone in the south-west sector of the Siou pit that was first included in the 2017 mine plan.

Petro Vista Energy Corp. (TSXV: PTV), meanwhile, reported that its shareholders and the board of directors have approved a return of capital distribution of $0.0471 per share, which will be paid to all registered shareholders of record as at the close of business on May 12, 2017. Petro Vista Energy stock moved up 25% to $0.05 following the announcement.

Finally, CardioComm Solutions, Inc. (TSXV: EKG) shares climbed 33% to $0.08 after the medical provider of consumer heart monitoring and medical electrocardiogram software solutions announced a partnership with CareSpan USA Inc., in which CardioComm’s Cloud-based electrocardiogram analysis tools will be integrated into CareSpan’s Virtual Clinic.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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