Zecotek Photonics Inc. (TSXV:ZMS) (OTCPK:ZMSPF) (TSXV: ZMS), a tech stock, jumped after announcing that it has signed a LFS scintillation crystal supply agreement
Sean Mason | January 25, 2017 | SmallCapPower
A big crystals contract propelled a TSXV tech stock sharply higher Wednesday. Here’s some small stocks making big moves on Wednesday, January 25, 2017 (as of 4 pm EST):
Tech stock Zecotek Photonics Inc. (TSXV:ZMS) (OTCPK:ZMSPF) (TSXV: ZMS) surged 8% to $0.26 on Wednesday after the developer of leading-edge photonics technologies for healthcare, industrial and scientific markets announced that it has signed a LFS scintillation crystal supply agreement with Shanghai-based EBO Optoelectronics to supply over $21 million worth of scintillation crystals over the next three years.
As well, shares of Athabasca Minerals Inc. (TSXV: ABM) jumped 23% to $0.29 as the mineral exploration and management company said it has received a positive decision in the court proceedings relating to the Susan Lake Aggregate Operation located north of Fort McMurray, Alberta.
Alphinat Inc. (TSXV: NPA), meanwhile, reported a profit of $259,243 for the quarter ended November 30, 2016. Revenue for the period also rose to $603,985 from $380,850 a year earlier. Alphinat stock popped 125% to $0.09 following the announcement.
Finally, Yangarra Resources Ltd. (TSX: YGR) shares rose 8% to $2.35 after the junior oil and gas company announced that production for 2016 averaged approximately 2,930 boe/d, up 23% from 2015.
To find out more about Zecotek Photonics Inc. (TSXV:ZMS) (OTCPK:ZMSPF), please visit the company’s Investor Hub.
Ubika Research/SmallCapPower has received compensation from Zecotek 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.