Technology Stock Surges on Financial Results

Avigilon Corporation (TSE:AVO), a technology stock, moved up after announcing record Q3 results

Sean Mason | November 15, 2016 | SmallCapPower

Financial results figured prominently in a large advance by a technology stock Tuesday. Here’s some small stocks making big moves on Tuesday, November 15, 2016 (as of 4 pm EST):

Technology stock Avigilon Corporation (TSE:AVO) powered 39% higher to $11.20 on Tuesday after announcing a 32% increase in its third-quarter revenue to a record $95.8 million, along with record gross profit of $49.2 million for the period.

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As well, shares of iCo Therapeutics (CVE:ICO) climbed 38% to $0.055 as the biotechnology company said it has negotiated a World Wide Exclusive Option and EU License Rights with Laboratorios SALVAT for a dual action glaucoma asset.

Doubleview Capital Corp. (CVE:DBV), meanwhile, reported that based on visual analysis, fully-financed ongoing drilling of the Lisle Zone mineralized corridor has expanded the potential large-scale gold-copper porphyry deposit at the Hat Project in British Columbia. Doubleview Capital stock moved up as much as 18% before ending unchanged at $0.085 following the announcement.

Finally, Equitas Resources Corp. (CVE:EQT) shares rose 25% to $0.05 after the gold explorer announced that it has received surface grab samples of up to 1022.98 g/t gold at its Crepori Project in Brazil.

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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