Blockchain Technology Stock Surges on Software Agreement

Leonovus Inc. (CVE:LTV), a blockchain technology stock, jumped after announcing a proof of concept agreement with one of Canada’s ‘Big Six’ banks

Sean Mason | October 23, 2017 | SmallCapPower

A big Canadian bank’s involvement in blockchain software had more than a few speculators piling into a blockchain technology stock Monday. Here’s some small stocks making big moves on Monday, October 23, 2017 (as of 4 pm EST):

Leonovus Inc. (TSXV:LTV), a blockchain technology stock, powered 33% higher to $0.40 on Monday after announcing that it has signed a proof of concept agreement with one of Canada’s ‘Big Six’ banks, in which Leonovus will install its blockchain-hardened software to assist the Bank in developing a multi-site data storage management fabric with complete data security, performance and compliance metrics.

 

As well, shares of Eldorado Gold Corporation (TSX:ELD) slid 28% to $1.97 as the gold miner said it is revising downward the 2017 guidance for its 100% owned Kisladag gold mine in Turkey to 170,000 to 180,000 ounces at cash costs of $500 to $550 per ounce.

Posera Ltd. (TSX:PAY), meanwhile, reported that it has entered into a joint venture with DLT Labs Inc. to deliver Blockchain technology into the hospitality POS ecosystem, including developing a real-time transaction and inventory management system. Posera stock popped 37% to $0.26 following the announcement.

Finally, PyroGenesis Canada Inc. (TSXV:PYR) shares jumped 33% to $0.68 after the plasma technology company announced that it has successfully completed the ramp-up phase of its first plasma atomization system.

To find out more about PyroGenesis Canada Inc., please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from PyroGenesis Canada to provide analyst research coverage. For full disclosure please visit here >>

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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