Medical Tech Penny Stock Jumps on Study Results

Neovasc Inc. (TSE:NVC), a medical tech penny stock, moved higher after positive results were published in The Netherlands Heart Journal

Sean Mason | June 20, 2016 | SmallCapPower

A positive journal review was good news for a medical tech penny stock Monday, while disappointing data hammered a biopharma play. Here’s some small stocks making big moves on Monday, June 20, 2016 (as of 4 pm EST):

NVC logoMedical tech penny stock Neovasc Inc. (TSE:NVC) climbed 11% to $1.08 on Monday after announcing that positive results of a single center, retrospective study using the Company’s Reducer product were published in the June 14, 2016 issue of The Netherlands Heart Journal.

Win Big With Our Small Cap Picks

 

As well, shares of BELLUS Health Inc. (TSE:BLU) plunged 86% to $0.34 as the drug development company said top-line results from the Phase 3 study of KIACTA (eprodisate) for the treatment of AA amyloidosis did not meet the primary efficacy endpoint.

Renaissance Oil Corp. (CVE:ROE), reported, that it has received payment for its first sale of crude oil, condensate and natural gas to the Mexican state oil company, Petróleos Mexicanos (PEMEX). Renaissance Oil stock moved up 25% to $0.125 following the announcement.

In addition, shares of Independence Gold Corp. (CVE:IGO) surged 29% to $0.22 as the mineral exploration company said that Goldcorp Inc. (TSE:G) will acquire an approximate 19.9% stake in the Company through a flow-through private placement at C$0.1333 per share.

Finally, Athabasca Oil Corporation (TSE:ATH) shares rose 10% to $1.41 after the Canadian energy company announced that it has granted a Contingent Bitumen Royalty to Burgess Energy Holdings L.L.C. on its Thermal assets for total consideration of $129 million. As well, the Company said it has repaid its US$221 million first lien term loan.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

DISCLAIMER

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.