A tech stock has sprouted up today on the TSXV after making a big announcement. Cannabis penny stocks usually take over most of the top trading on the Toronto Venture Exchange but it today, that doesn’t seem to be the case. Tech companies and stocks will always be around and remain a strong contender on US and Canadian markets.
Today, we’ll take a closer look at why that tech stock is trending and its latest company movements.
Questor Technology Inc. (TSXV:QST)
Questor Technology Inc. is an environmental cleantech company that focuses on clean air. The tech stock is based out of Calgary, Alberta. Questor focuses on clean air in Asia, Canada, the Caribbean, Europe, Russia, and the United States.
Questor Technology designs and manufactures waste gas combustion systems, power generators, and water treatment solutions. Each one of these systems utilizes waste.
This morning the tech stock announced that it received a $5.8 million purchase order from three oil and gas production facilities in Mexico. Questor aims to showcase its technologies in Mexico to eliminate gas flaring and methane. Questor’s tech lowers emissions that get released into the ozone.
“Questor is pleased to be chosen as part of the solution in assisting Mexico to achieve their emission reduction goals, another example that our effective and cost-saving solutions transcend borders,” said Audrey Mascarenhas, President and CEO of Questor.
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She continued on the momentum of the tech stock and company movements:
“From the provision of our proprietary, high-performance combustion technology to the use of the resulting excess heat to generate electricity, it is appropriate that we are showcasing our innovations where there is a commitment to protecting the environment and improving air quality. This solution has applicability globally where over 14 billion standard cubic feet of gas is flared and vented daily.”
Tech Stock Movement
According to Yahoo Finance, QST is currently trading at $3.9 a share, up +$0.41 (+11.75%).
Featured Image: DepositPhotos © violetkaipa
