The Canadian energy sector took its lumps Monday, with figures registering downward 1%, though their American counterparts shot higher 1.7%.
On the American side, Phoenix-based Taronis Fuels, Inc. (OTC: TRNF), producing renewable and socially responsible fuel products, provided a corporate update on recent international business developments related to an existing contract in Turkey.
TRNF pointed with particular pride to the existing $18.75 million, five-unit purchase order was formally approved and released by the Turkish authorities, and the order has been modified to $20 million to account for additional design specifications unique to the Turkish market. All five units are currently in production, with the first units projected for shipment in January of 2021.
TRNF shares gained 1.4 cents, or 11.1%, to 14 cents, or 635,000 shares.
North of the border, Ottawa-based Braille Energy Systems Inc. (TSX-Venture: BES) has received U.S. General Services Administration (GSA) approval under the Federal Government's Multiple Award Schedule (MAS) governing batteries and other energy sources. Products can be used for rental, emergency, or disaster recovery efforts). Accordingly, BES is now recognized by the GSA as an approved federal contractor for industrial products and services.
BES shares were virtually unchanged midday Monday at 3.6 million shares.
