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Three Most Active Canadian Stocks: $HRH $THRM $RVV

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Hillcrest Petroleum Raised $1,022,100 As Gross Proceeds Through Private Placement

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Hillcrest Petroleum Ltd (TSX: HRH) surged 85.71% on a traded volume of 17.32 million shares. The Canadian oil and gas producer, on August 4 raised an amount $1,022,100 as gross proceeds through non-brokered private placement. This is done so as to fund its oil asset based in West Hazel in Saskatchewan.

Some amount of this proceed is to be used for retiring a few payables associated with Saskatchewan's gas and oil assets of the issuer. Apart from this, the company will use the proceeds for general working capital operations.

Therma Bright Partners With Orpheus Medica To Develop A Rapid Covid-19 Testing Kit

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The progressive medical device technology company, Therma Bright Inc (TSX: THRM) is moving north with 18.92% gain on 12.40 traded volume. Therma has recently signed a letter of intent with another company, Orpheus Medica Inc. The agreement is signed so as to develop a rapid COVID-19 testing kit. This rapid saliva testing detection test will provide quicker results for SARS-CoV-2 virus detection.

For this purpose, Therma will bring to the table, funding for the project in different phases. Therma shall also be facilitating medical device expertise for pacing up development of this screening test.

Revive Therapeutics Receives FDA Nod For Phase 3 Clinical Trial For Bucillamine Treatment

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The volume traded of Revive Therapeutics Ltd (TSX: RVV) was 10.84 million shares on Aug 4. Revive is seen as a key COVID player as its Phase 3 clinical trial for a treatment called Bucillamine. The company has received regulatory approval from the U.S. FDA recently.

This Phase 3 study is called A Multi-Center, Randomized, Double-Blind, Placebo-Controlled Study of Bucillamine in Patients with Mild-Moderate COVID-19. In the study, the company will sign up 1,000 patients, randomized as 1:1:1. These patients shall be administered treatment Bucillamine 100 mg, Bucillamine 200 mg, or placebo- all, thrice a day for up to 14 days. This is considered as the period of isolation in COVID-19 treatment.

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