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INVESTORFILE: "Novra Technologies is getting bigger and the stock is a value buy"

New analyst coverage of Novra Group.
2018-01-30

"NEW COVERAGE – TOP IDEAS: Recent acquisitions by Novra Technologies Inc. (TSXV: NVI) have expanded the Company’s product portfolio and global footprint for the distribution of broadband multimedia content via satellite and terrestrial networks."

Gerry Wimmer at Investorfile.com says:

"Just recently Novra Technologies caught our attention again. Earlier this month the Company announced it had completed the acquisition of a 51% controlling interest of the Wegener Corporation (a USA competitor) for 2 million shares with a two-year option to purchase the remaining 49%. During the fiscal year ended September 1, 2017, Wegener had revenues of US$3.4 million.

Given this news, Investorfile has decided to initiate coverage on Novra Technologies and appoint the stock to our list of Top Ideas as a small cap value stock investment opportunity."

Read the entire post here.