Graphene 3D Lab (TSX: V.GGG, Forum) saw a good deal of love in the markets today when the company announced that it and Graphene Laboratories had signed a research, development and royalty agreement with a Fortune 500 listed manufacturer.
According to the
news release, the agreement called for the development of multi-phased deliverables over the next 12 months. As a result of certain competitive reasons and confidentiality clauses the specifics of the deal and the identity of the company signing it, are to remain undisclosed.
All that was revealed was that the resulting IP from the agreement will be jointly held by both parties and that the partner has consecutively been included in the Fortune 500 list for over 15 years. Investors flocked to get on board, significantly driving up SP.
Shares were up 105.26% to $0.39 per share.
Snipp Interactive (TSX: V.SPN, Forum) slipped on the boards today after the company announced its Q3 2015 financial results, noting a 448% increase in quarterly revenue year-over-year to $4.75 million with a net income for Q3 of $82,833.
The
news release went on to report that this is the 15
th consecutive quarter where revenue has grown when compared to the same period in the previous year. Revenue growth was attributed to an increase in total number of campaigns executed as well as a growth in average campaign size. Gross margins were placed at 77.3%. Despite what some investors said were indications that the company was definitely on its way to blue sky potential, other investor sold into the news driving down SP.
Shares were down 12.90% on the news to $0.54 per share.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Graphene 3D Lab Inc. (V.GGG, Stock Forum) |
105.26% |
| Ashburton Ventures Inc. (V.ABR, Stock Forum) |
100.00% |
| Thompson Creek Metals Company Inc. (T.TCM, Stock Forum) |
71.74% |
| Copper Mountain Mining Corporation (T.CUM, Stock Forum) |
25.00% |
| Dajin Resources Corp. (V.DJI, Stock Forum) |
21.74% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Snipp Interactive Inc. (V.SPN, Stock Forum) |
-12.90% |
| Telesta Therapeutics Inc. (T.TST, Stock Forum) |
-10.45% |
| Pacific Exploration & Production Corporation (T.PRE, Stock Forum) |
-8.60% |
| ShaMaran Petroleum Corp. (V.SNM, Stock Forum) |
-8.33% |
| Newalta Corporation (T.NAL, Stock Forum) |
-7.31% |