The checks just keep on coming in for Datametrex AI (TSXV: DM). The company announced this morning that it has received yet another purchase order for COVID-19 test kits from a Canadian mining firm that has thousands of employees across numerous jurisdictions. This particular PO will be for operations within Ontario and Quebec.
This new order, from an unnamed Canadian miner, consists of 10,000 units of COVID-19 test kits manufactured by 1drop Inc. Also incliuded is an equal amount of swab kits, and two PCR detection system machines that are used to analyze samples. The gross sales figure from this single transaction amounts to $450,000, which will result in Datametrex showing significant quarterly sales growth.
Datametrex has already secured all of the requested equipment, which will be imported and distributed to the mining firm at their operations in Ontario and Quebec. Collectively, the two provinces account for more than 90% of Canadian COVID-19 cases, demonstrating the need for mining operators to take the necessary precautions to protect employees and operations as a whole.
Datametrex AI last traded at $0.12 on the TSX Venture.
FULL DISCLOSURE: Datametrex AI is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Datametrex AI on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
Hyperinflation: Remember, GDP = Money Supply x Velocity
When trying to wrap my head around economics, I like to simplify basic principles down...