A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
MGX Renewables Inc dba () granted 2,787,951 stock options to its directors, officers, employees and consultants on Tuesday, the company said in a release. Each option is exercisable at C$0.32 for a five-year period. The Vancouver-based company is pioneering zinc-air batteries for mass storage systems.
() (NYSE:SVM) announced Tuesday that its Ying and GC mines in China received municipal government approval to resume operations. The Vancouver-based miner said that workers are returning to the mine sites to restart mining. Shares of Silvercorp rose 2% in Toronto and 1.5% in New York on the positive news to trade at C$5.34 and US$4.03 respectively on Tuesday afternoon.
Duos Technologies Group Inc (NASDAQ:DUOT), an intelligent analytical technology provider, closed its earlier announced underwritten public offering of 1,355 million shares at a price of $6 per share for gross proceeds of $8,100,000, before deducting underwriting discounts, commissions and other expenses. The company began trading on the Nasdaq under the ticker symbol DUOT on February 13. It plans to use the proceeds for research and development and marketing. Duos has granted the underwriters a 45-day option to purchase an additional 200,000 shares. ThinkEquity, a division of Fordham Financial Management, acted as sole book-running manager.
Inc () has caught the eye of analysts at Maxim Group as it moves ahead with its coronavirus diagnostic test. Maxim tagged the company with a Buy rating and increased its price target to $5 from $2, citing the speed at which developed a detection test for the virus and its subsequent first sales in China. “[The speed of development] highlights not just the platform's versatility, but also 's ability to produce tests in a time efficient manner as future threats emerge,” Maxim wrote.