Buzz on the Bullboards: Which stocks are turning inertia into momentum?

Markets have stumbled this week, especially tech indices as rising bond yields in the U.S. have had their way with the sector, which is sensitive to higher interest rates.

One of the big updates of late, Datametrex AI Ltd. (TSXV:DM) brought investors up to speed with its initiatives and work going on right now. The update included a look at its Nexalogy platform, which is expanding the reach and user base of AnalyticsGPT through targeted advertising and conference appearances following substantial interest from potential clients.

In Q2, Datametrex will focus on adding small and medium enterprises while polishing AnalyticsGPT for the retail sector, including a subscription based-model.

On the medical side of its business, Medi-Call has gathered 281 subscribers to date, including a 25-per-cent increase in new subscribers in Q1 2023. The tech company is in the process of opening a third clinic in Vancouver to go along with locations in Calgary and Edmonton. An Ontario location is also being considered.

PyroGenesis Canada Inc. (TSX:PYR) has received a $700,000 purchase order for three plasma torches and ancillary components.

The client, Newport News Shipbuilding, is a U.S. Navy shipbuilder keen on applying the torches’ waste-destruction capabilities on the USS Gerald R. Ford aircraft carrier, the largest and most technologically advanced warship ever built. Final delivery is scheduled for Q3 2023.

The torches will be used in PyroGenesis’ proprietary Plasma Arc Waste Destruction System, which the company previously built and delivered to the U.S. Navy.

Crescent Point Energy Corp. (TSX:CPG) will acquire Spartan Delta Corp.’s (TSX:SDE) oil and liquids-rich Montney assets in Alberta in an all-cash deal for C$1.7 billion.

This acquisition adds 600 Montney locations in Alberta and more than 20 years of premium drilling inventory. It is immediately accretive to excess cash flow per share by 20 per cent.

The asset generates roughly 38,000 barrels of oil equivalent per day (55 per cent oil and liquids) with attractive netbacks generating significant excess cash flow. Its 951 sq. km. net acres of contiguous land with Montney rights in Alberta within the Gold Creek and Karr area.

Reliq Health Technologies Inc. (TSXV:RHT) has signed a new contract with a large healthcare system with more than 1,200 care centres.

The centres are spread across New York, Ohio, Maryland, Virginia, Florida, Kentucky, and South Carolina. Onboarding with this new client will begin next month at 20 of their skilled nursing facilities, which are expected to add more than 2,000 new patients per month to Reliq’s iUGO Care platform by the end of 2023, at an average revenue of $65 per patient per month.

Dr. Lisa Crossley, CEO at Reliq Health Technologies Inc., explained that this client’s care centres include skilled nursing facilities, hospitals, home health agencies, hospice agencies and primary care clinics.

“The healthcare system has more than 10 million patient encounters a year across their network. It is a clear validation of our unique value proposition that Reliq is able to attract such large and well-respected healthcare clients. We will initially begin deploying our iUGO Care platform with 20 of the client’s skilled nursing facilities, providing newly discharged patients with high quality, long term virtual care in the comfort of their own homes using our Transitional Care Management, Remote Patient Monitoring, Chronic Care Management and Behavioural Health Integration modules. With these first 20 facilities alone, we expect to add over 2,000 patients per month to the iUGO Care platform at an average revenue of $60 per patient for the first 30 days post-discharge and $65 per patient per month for every subsequent month, at an expected 75 per cent gross margin.”

Next week, we will dive into the data from the last quarter and figure out a clearer answer for where the markets are at (and where they are headed). Make sure to stay up to date, and of course, stay focused to keep on top of where the tides are taking small-cap stocks and the markets. For previous editions of Buzz on the Bullboards: click here.