We are already halfway through July and despite being in the midst of these sleepy summer days, both the business world and Bullboards have certainly picked up in activity.
We track the most-viewed Bullboards in each sector every week and bring you some of the highlights. This week we look at three companies that have earned spots on the charts. One is a well-known health operation, one is a technology favourite, and one is a rising company in the mining sector.
Spectral Medical Inc. (TSX:EDT, Forum) announced that the U.S. Food & Drug Administration has granted Breakthrough Device designation for the company’s Toraymyxin device.
Toraymyxin is a therapeutic hemoperfusion device that removes endotoxin, which can cause septic shock.
The company’s Chief Medical Officer, Dr. John Kellum commented that for more than 50 years the medical scientific community had sought a treatment for sepsis, yet, no specific therapies are available.
He added that a new therapy showing survival benefit for the most severely affected patients would be a legitimate breakthrough technology and we are entering an era of personalized medicine for critical illnesses.
“By breaking up sepsis into subsets that have specific molecular pathogenesis, we believe our strategy targeting endotoxemic septic shock, characterized by high levels of endotoxin in the bloodstream, is far more likely to succeed, where other non-specific therapies have failed time and again. Our goal is to show a large difference in mortality when an anti-endotoxin therapy is applied to carefully selected patients with high endotoxin activity in their bloodstream. Moreover, we have a diagnostic test already in clinical use to identify these patients. We believe this combination of an advanced diagnostic with a specific therapy represents the future of sepsis care.”
Data intelligence company Fobi AI Stock (TSXV:FOBI, Forum) has released a case study highlighting the successful utilization of its CheckPoint digital ticketing solution at the Oscars.
Fobi worked together on this project with Janam Technologies, a provider of contactless solutions for venue access.
Fobi’s CheckPoint system was used to create, distribute, and manage digital Wallet Pass tickets to the Oscars Awards show and the Governor’s Ball afterward.
With Janam’s mobile entry pedestals, guests were able to self-scan their digital passes as they arrived.
Fobi CEO Rob Anson stated that his team is always focussed on streamlining and automating processes for venue operators as well as providing the means to an efficient and enhanced user experience.
“Our partnership with Janam enables us to deliver a very efficient user experience for venue access and entry along with our Digital ticketing and verified credential offering.”
Canada Nickel Company Inc. (TSXV:CNC, Forum) provided investors with an updated mineral resource estimate for its Crawford Nickel Sulphide Project near Timmins, Ontario.
The estimate more than doubles the project’s measured and indicated mineral resources to 1.4 billion tonnes at 0.24 per cent nickel plus a further 670 million tonnes of Inferred resources at 0.23 per cent nickel.
In less than three years from initial discovery, Crawford is now believed to be fifth largest nickel sulphide resource globally comprising 3.5 million tonnes of contained measured and indicated nickel.
CNC’s Chair and Chief Executive Officer, Mark Selby explained that the doubling of the overall measured and indicated resource was driven in large part by exploration success in the East Zone.
“When combined with the potential for zero carbon production, Crawford is expected to become an important source of nickel for electric vehicle and stainless-steel producers. With additional potential from a number of holes still pending assays at the resource cut-off date, we expect the final feasibility study resource to support the upper end of our mine plan target of 1.3 to 1.8 billion tonnes. The Crawford feasibility study continues to be on track for completion by year-end.”
This week has shown what many previous weeks have proven – you never know what to expect when it comes to each sector’s performance, or the general market. Investors should stay as up to date as possible, and for the latest on small-cap stock movements. Next week we’ll dive back into the Bullboards and see where the small-cap markets are headed.