Medical Tech Stock Surges on Investment, Acquisition

Neovasc Inc. (TSE:NVC), a medical tech stock, popped after announcing an investment from Boston Scientific Corporation

Sean Mason | December 2, 2016 | SmallCapPower

A big investment by Boston Scientific boosted a medical tech stock Friday. Here’s some small stocks making big moves on Friday, December 2, 2016 (as of 4 pm EST):

Medical tech stock Neovasc Inc. (TSE:NVC) powered 66% higher to $1.16 on Friday after announcing that Boston Scientific Corporation has agreed to acquire Neovasc’s tissue processing technology and facility for approximately US$67,909,800, and has committed to invest an additional US$7,090,200 in Neovasc for a 15% equity interest in the Company.

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As well, shares of American Lithium Corp. (CVE:LI) slid 30% to $0.21 as the lithium explorer said its QA/QC process has found material flaws in the sample assay results announced August 11, 2016; October 12, 2016; October 21, 2016, and November 3, 2016.

YDreams Global Interactive Technologies Inc. (CVE:YD), meanwhile, reported that it will use its knowledge of Virtual Reality, gaming and immersive experiences to develop training solutions for military use. YDreams Global stock popped 45% to $0.225 following the announcement.

Finally, Gold Reserve Inc. (CVE:GRZ) shares climbed 15% to $5.21 after the gold project developer announced that it has agreed to further modify the settlement agreement previously entered into with Venezuela, in which the first payment of US$300 million, originally scheduled for November 30, 2016, is now rescheduled to take place on or before December 15, 2016.

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

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