4:05pm: Payfare shares end sharply higher
Payfare closed up 11% at $6.15, while Drone Delivery Canada (CSE:FLT) rose 4% to $0.355, Troilus Gold finished 8% higher to $0.69, and Therma Bright ended unchanged at $0.07.
12:15pm: Payfare, Drone Delivery Canada (CSE:FLT) shares make big gains
Payfare Inc (TSX:PAY) shares jumped 11% to $6.13 on Thursday after the fintech company announced fourth-quarter 2022 revenue that increased 131% year over year to $38.4 million, while swinging to a net profit of $0.06 per share from a net loss of $0.10 per share during the same period last year.
As well, shares of Drone Delivery Canada (CSE:FLT) Corp shot up 18% to $0.40 as the drone technology company said it has signed an up to $1.2 million contract with the Canadian government, working with Transport Canada to operate and evaluate its proprietary drone delivery platform using the heavy-lift Condor remote piloted aircraft.
Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF), meanwhile, reported what it called impressive assay results showing the continuity and strong grade profile of the newly discovered X22 Zone at its Troilus project in Quebec’s Frôtet-Evans Greenstone Belt. Troilus Gold stock moved up 8% to $0.69 following the announcement.
READ: Troilus Gold reports impressive assay results showing strong grade profile of Zone X22 at Troilus project in Quebec
And, Therma Bright Inc (TSX-V:THRM, OTC:TBRIF) shares rose 7% to $0.075 on Thursday after the company announced that it is preparing to launch DCT, its digital cough data collection and screening smartphone applications, along with AI4LYF.
Contact Sean at sean@proactiveinvestors.com