PyroGenesis Canada Inc. (CVE:PYR), a tech stock, surged after announcing laboratory scale testing results of the PUREVAP process
Sean Mason | September 29, 2016 | SmallCapPower
A plasma tech stock was on fire following lab test results Thursday. Here’s some small stocks making big moves on Thursday, September 29, 2016 (as of 4 pm EST):
PyroGenesis Canada Inc. (CVE:PYR) shares climbed 15% to $0.19 on Thursday after the manufacturer of plasma waste-to-energy systems and plasma torch products announced that it has completed the first series of laboratory scale testing of the PUREVAP process, which the Company said exceeded expectations, and has provided a summary of these results to its client, HPQ Silicon Resources Inc.
Related: “We’re at the Forefront of the 3D Printing Industry,” Says PyroGenesis Canada’s (CVE:PYR) CEO
As well, shares of Kirkland Lake Gold Inc. (TSE:KLG) slipped 8% to $10.28 as the gold miner said it will merge with Newmarket Gold Inc. (TSE:NMI) in an all-stock transaction. Kirkland Lake Gold will own 57% of the combined company, which is expected to produce over 500,000 ounces of gold annually.
Thermal Energy International Inc. (CVE:TMG), meanwhile, reported that it has received a $1.7 million order from a leading producer of industrial and fuel alcohols for the supply and installation of one of Thermal Energy’s FLU-ACE heat recovery systems at one of the customer’s ethanol plants. The project is expected to be completed and revenue earned over the next six months. Thermal Energy International stock moved up 21% to $0.085 following the announcement.
Finally, EcoSynthetix Inc. (TSE:ECO) shares rose 13% to $2.25 after the renewable chemicals company that produces a portfolio of commercially proven bio-based products announced its first commercial customer, the SWISS KRONO GROUP, for its DuraBind technology, which targets the wood composite market.
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 >
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
DISCLAIMER
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.