3 Canadian Listed Stocks To Watch On Thursday
CORAL GABLES, FL / ACCESSWIRE / October 25,2018 / The stock market pulled back up from its lows seen on Wednesday. This week's market activity saw a route of many stocks across multiple global markets. Today, the recovery that began during premarket trading hours has continued into the mid-morning session. A strong mix of positive earnings and general market momentum has helped give equities a boost on Thursday. The Canadian Press writes, "Companies began reporting their results for the third quarter last week. And while earnings growth for S&P 500 companies is expected to be around 22 percent, according to S&P Global Market Intelligence, some companies are painting a less-than-rosy outlook."
With a new birth of positive trading on Thursday, we're looking at three stocks that could be ready to follow suit including Premier Health Group, Inc. (PHGRF)(PHGI.CN), Bevo Agro Inc. (TSX-V:BVO.V), and Sun Metals Corp. (TSX-V:SUNM.V).
Premier Health Group, Inc. (PHGRF)(PHGI.CN), recently opened its publicly traded shares to be more easily traded in the US. Premier Health Group, Inc. (PHGRF)(PHGI.CN) announced this week that its common shares traded on the OTC Markets Group Inc.'s OTCQB Venture Market in the United States, under the symbol "PHGRF", are Depository Trust Company ("DTC") eligible, effective October 22, 2018. DTC eligibility allows Premier Health shares to be more easily and economically transferred between brokerage accounts electronically within the United States.
Though many applaud the government-funded health care system in Canada, its vast number of shortcomings has opened a new opportunity for telehealth technology to fill a large void. Statistics from Premier Health Group, Inc. (PHGRF)(PHGI.CN)'s subsidiary, HealthVue show that roughly 15% of Canadians aged 12 and older don't have a primary care physician. Nearly two-thirds of seniors are also unable to get a same-or next-day appointment. This contributes to about 7 in 10 Canadians avoiding seeing a doctor when they are sick.
Shares of Premier Health Group, Inc. (PHGRF)(PHGI.CN) continued to trade near $0.80 on Thursday.
For More Information On Premier Health Group, Click Here
Bevo Agro Inc. (TSX-V:BVO.V) saw higher trading volume on Thursday. Bevo and Sun Pharm Investments Ltd. "Sun Pharm"are pleased to announce that Zenabis has entered into an LOI with Running Leaf Corporation (Running Leaf) to supply up to 11,858 kilograms to October 2020 to Saskatchewan adult-use retailers licensed and approved for adult-use cannabis sales. Zenabis will sell under the premium Namaste brand. Namaste's products include dried flower, milled cannabis, and pre-rolls. Running Leaf Corporation is one of the first wholesale distributors approved to supply cannabis to licensed Saskatchewan retailers.
As previously announced on announced October 4, 2018, Bevo and Sun Pharm have entered into an arrangement agreement with respect to a reverse take-over ofBevo, and announced that the resulting issuer will change its name to Zenabis Global Inc.
For More Information On Bevo Agro, Click Here
Sun Metals Corp. (TSX-V:SUNM.V) saw its shares trade higher on Thursday. The company announced that drilling into a new extension of the Canyon Creek Skarn zone at its Stardust project in northcentral British Columbia has returned the thickest and richest mineralization ever intersected at the project. Sun Metals believes that drilling is successfully tracking a major mineralizing fluid pathway towards the heart of this high-grade system.
"We have intersected the strongest mineralization ever observed at Stardust and this drill hole is a game changer for the project and the district. We have crossed into a new area of mineralization that has not been tested previously. The mineralization is stronger and more pervasive providing support that we are moving in the right direction to find more of these longer intercepts of consistently higher-grade mineralization. The Canyon Creek Skarn zone is clearly open for expansion," said Steve Robertson, President, and CEO, Sun Metals.
Shares of Sun Metals reached highs of $0.25 before 10:15 AM EST.
For More Information On Sun Metals, Click Here
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