Virtual Reality Stock Surges on China LOI

YDreams Global Interactive Technologies Inc. (CVE:YD), a virtual reality stock, moved higher after announcing a Letter of Intent to collaborate with China-EU Future City

Sean Mason | May 3, 2017 | SmallCapPower

A potential Chinese collaboration produced some real gains for investors in a virtual reality stock Wednesday. Here’s some small stocks making big moves on Wednesday, May 3, 2017 (as of 4 pm EST):

Virtual reality stock YDreams Global Interactive Technologies Inc. (TSXV: YD) powered 16% higher to $0.25 on Wednesday after announcing that it has signed a Letter of Intent with ESI Technology Expansion Partners to collaborate with China-EU Future City, to showcase sustainable strategies for China’s urbanization.

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As well, shares of Anfield Gold Corp. (TSXV: ANF) slid 23% to $0.65 as the precious metals explorer said it has completed an updated mineral resource estimate on its Coringa Project in Brazil, which showed an Indicated Mineral Resource containing 195,000 ounces of gold and 396,000 ounces of silver grading 8.4 g/t gold and 17 g/t silver.

D-BOX Technologies Inc. (TSX: DBO), meanwhile, reported that it was selected by NFL Experience Times Square to take part in the creation of a sports-themed immersive attraction in the heart of New York City. D-BOX Technologies stock moved up 15% to $0.355 following the announcement.

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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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