Leaders
Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) (FSE:C5B), a tech-centric investment firm, announced that its shares are now eligible to be traded through the Depository Trust Company.
The stock surged 14% to close at C$0.04 on the CSE and 0.3% to US$0.03 on OTC markets.
ICC International Cannabis Corp (CSE:WRLD.U) (OTCMKTS:WLDCF) entered into an agreement with Organic Flower Investment Groups Inc to access its distribution network in the European market.
Shares finished nearly 4% higher at C$0.27 in Toronto and 0.8% higher at US$0.26 on OTC markets.
Genprex Inc (NASDAQ:GNPX) has moved one step closer to commercializing its flagship drug candidate Oncoprex by retaining pharmaceutical branding agency Addison Whitney.
The stock edged up 3.4% to $1.84.
READ: Buds & Duds: Cannabis stocks flatten out; ICC International Cannabis shares jump on European distribution deal
Enertopia Corp (CNSX:TOP) (OTCMKTS:ENRT), the lithium-focused group, on Wednesday said its solution testing of material from its Clayton Valley project in Nevada is producing some positive results.
The share price rose 25% to C$0.03 on the CSE and slipped 4.8% to US$0.2 on OTC markets.
RNC Minerals Corp (TSE:RNX) (OTCMKTS:RNKLF) said the previously announced purchase option agreement for the Higginsville Mill operations in Australia had been extended, as it issued production figures for the first quarter at Beta Hunt, where there has been a limited restart to mining.
Shares grew 5.3% to end the session at C$0.40 in Toronto and nearly 4% to US$0.29 on OTC markets.
Chanticleer Holdings Inc (NASDAQ:BURG) has partnered up with Beyond Meat (NASDAQ:BYND) to bring plant-based burgers to its restaurants.
The stock sizzled more than 27% to $1.94.
Laggards
MoneyGram International Inc (NASDAQ:MGI), the international money transfer service, on Wednesday reported a first-quarter loss of $13.5 million. The Dallas-based company had a loss of $0.06 per share, compared to the average estimate of four analysts surveyed by Zacks Investment Research of earnings of $0.08 per share.
Investors were transferring their money elsewhere, dropping shares more than 21% to $2.60.
Inogen Inc. (NASDAQ:INGN), the maker of oxygen therapy systems, missed Wall Street first-quarter earnings targets and cut its outlook for the year. The company reduced its forecast revenue to a range between $405 million to $415 million, down from between $430 million and $440 million. Analysts had forecast revenue of $433.8 million.
Shares plunged 23% to close at $67.79.
3D Systems (NYSE:DDD), the 3D printing products provider, brought in first-quarter revenue that missed analysts' estimates, and its quarterly loss was wider than expectations. Revenue was $152 million, while analysts had projected $164.7 million. The company reported a loss of $0.09 per share, wider than expectations of $0.01.
The stock ended nearly 19% lower at $8.60.
Livent Corp (NYSE:LTHM) the lithium compound manufacturer, cut its full-year profit and revenue forecasts on Tuesday due to lower demand for lithium hydroxide from some of its main customers and weaker prices. The company now expects 2019 adjusted earnings between $0.56 and $0.66 per share, compared to between $0.92 and $0.98 per share it had estimated in February.
Shares tumbled nearly 16% to $9.03.
Aduro Biotech (NASDAQ:ADRO), a clinical stage biopharmaceutical company, came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.28 per share a year ago.
The stock lost 21% to end the day at $3.48.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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