Software Microcap Powers Higher on SaaS Agreement

3tl Technologies Corp. (CVE:TTM), a software microcap, jumped after announcing a one-year Software as a Service (SaaS) agreement with a global distributor of theatrical and television products

Sean Mason | March 9, 2017 | SmallCapPower

More than a few speculators took an interest in a software microcap Thursday following a Software as a Service (SaaS) deal. Here’s some small stocks making big moves on Thursday, March 9, 2017 (as of 4 pm EST):

3tl Technologies Corp. (TSXV: TTM) shares climbed 13% to $0.045 on Thursday after the software microcap announced a one-year agreement to provide PLATFORM, its Software as a Service (SaaS) consumer marketing platform, for a global distributor of theatrical and television products to launch its digital gift-with-purchase loyalty program.

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As well, shares of Lumenpulse Inc. (TSX: LMP) slid 22% to $13.27 as the manufacturer of specification-grade LED lighting solutions said its third-quarter adjusted net income fell to $2.8 million from $4.1 million during the same period last year.

ZCL Composites Inc. (TSX: ZCL), meanwhile, declared a one-time special dividend of $0.65 per share, to be paid on March 31, 2017 to shareholders of record on March 17, 2017, as well as a 50% increase in its quarterly dividend to $0.12 per share. ZCL Composites stock moved up 7% to $13.05 following the announcement.

Finally, Mission Ready Services Inc. (TSXV: MRS) shares jumped 31% to $0.105 after the provider of personal protection equipment announced that it has closed its previously-announced acquisition of Wild Things, LLC.

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