Markets have been gaining some ground this week amid another cooler-than-expected inflation report.
Traders continue to digest another round of earnings and key data from the retail sector, which is going to shape the holiday season and the rest of the year.
Meanwhile, the tech industry has been dealt a rude awakening of late, which triggered a slew of layoffs at major companies. Sales have slowed since the days of the pandemic. However, a few small-caps have advanced their business and stayed true to their market focus.
Datametrex AI Ltd.’s (TSXV:DM, Forum) EV subsidiary has launched its roadside assistance Mobile Charging Vehicle in B.C.
The company has started servicing EV consumers on film and production sites in B.C., with two MCVs currently on the road for its charging services and more scheduled by the end of this year.
The MCV comes with fast mobile charging technology with a speed of over 45kwh plus emergency charging and 24/7 on-demand EV services.
DM EVS provides solutions for drivers facing electric vehicle charging issues with its mobile charging unit, which includes 24/7 roadside assistance, quick charging on the go, and issue prevention through AI technology.
There is no shortage of energy news flowing around the globe. Turkey has been advancing its plans to become a natural gas hub following a proposal from Moscow to help it reconfigure Russian gas transit routes to Europe following the war in Ukraine.
Trillion Energy Inc. (CSE:TCF, Forum) has been conducting exploration work in the South Akcakoca Sub-Basin (SASB) gas field.
The Calgary-based, Turkey-focused company has begun gas sales from its first new well in the SASB gas field in the Black Sea.
Additionally, the borehole for the existing Akcakoca-3 well has now been cleared of old wireline from a fishing operation. That work prepares the well for a planned re-perforation operation this week.
Workers recovered over 600 kg of lost cable, milled out the old packer and cleared the wellbore. All the lost cable above the packer was recovered, and the old packer was pushed down below the deepest perforation interval.
The Akcakoca-3 borehole is now ready for the re-perforation, including the remaining gas-bearing zones totalling approximately 34 metres of pay. Perforations are anticipated to be completed later this week, with production commencing shortly thereafter.
The company is monitoring the production characteristics of the well and is planning to increase production rates gradually over time.
Vancouver-based mineral exploration company New Found Gold Corp. (TSXV:NFG, Forum) reported positive news from the results of its latest exploration program on the company’s Queensway Project in Newfoundland.
Results stem from a Chrysos Photon Assay on the project’s Keats Main Zone, in addition to assay data from 14 now-completed diamond drill holes.
The company intercepted high-grade intervals of 85.7 g/t Au over 5.65 metres and 13.4 g/t Au over 9.05 metres in NFGC-22-705, and 56.8 g/t Au over 2.15 metres in NFGC-22-672.
Drill holes were designed to test the extent of the Keats Main Zone, located along the highly prospective Appleton Fault Zone.
From here on out, the company will use the photon assay method, as well as traditional fire assay and screen fire determination, to ensure the most efficient turnaround times on assays. They say with time comes wisdom, and next week we’ll be able to see how the economy is faring heading into December. Where does tech stand, is the energy recovery for real, and what small-cap companies are Bullboard users going crazy for? Find out on next week’s Buzz on the Bullboards.
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