Dundee Sustainable Technologies, which is based in Montreal, Canada, has made it onto the CNSX top gainers of the day list, and for good reasons too. As of this writing, Dundee Sustainable Technologies is up nearly 100%.
Dundee Sustainable Technologies (CNSX:DST) (OTCMKTS:DNDDF): A Brief History
Under the leadership of CEO Brian Howlett and Executive Vice-President David Lemieux, Dundee Sustainable Technologies develops a variety of metallurgical processes intended for extracting both gold, silver, and base metals.
Between the years of 2006 to 2008, Dundee Sustainable Technologies underwent successful piloting of the nickel technology, and from 2010 to 2013, successful piloting of the gold technology. In 2014, the company changed its name to Dundee Sustainable Technologies.
What Happened Thursday?
Currently, Dundee Sustainable Technologies is trading at $0.10, which puts the stock up $0.05, or 90.91%. This is significant news as it means the Canadian company has hit a new 52-week high. Over the course of the past 52 weeks, DST has traded between the range of $0.03 (low) and $0.085 (high).
It is likely that Thursday’s increase was caused by investors optimism surrounding the company’s latest few announcements, some of which date back to last month.
On December 11, the Montreal company announced that it had teamed up with Vancouver-based company eCobalt Solutions, Inc. (TSE:ECS) (OTCMKTS:ECSIF) in order to help with carrying out detailed metallurgical testing. Then, on January 8 of this year, Dundee Sustainable Technologies informed the public of the results of its cobalt testing on eCobalt Solutions materials. The testing took place during the week of December 18 of 2017. Further, today, January 11, 2018, Dundee Sustainable announced that it would commence additional testing – a piloting test program – with the B.C.-based company.
CEO Howlett put out a statement in which he said the company is “very pleased with the progress of the work results to the pilot scale testing” with eCobalt Solutions, adding that this is a very “important project.”
Despite Thursday’s news positively affecting Dundee Sustainable Technologies, eCobalt Solutions is currently trading at $1.78, which puts the stock down $0.09, or 4.81%
The Takeaway
It will be interesting to see if Dundee Sustainable Technologies can maintain its growth today on the market, and, depending on the additional testing results, if the stock will continue to climb in 2018.
Featured Image: toronto
