Why Toron Inc (OTCMKTS:TRON) Shares Jumped Nearly 70%

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Toron Inc (OTCMKTS:TRON) shares were up 66.67% to $0.00200 after the company announced that it decreased its stake in Suncor Energy Inc. The company has a market cap of $412,300.00 at 343.59 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.01.

Toron Inc is an innovative disruptive healthcare technology company that is focused on integrating access to electronic data interfaces for healthcare providers and payer systems in a user-friendly manner. The company provides ease of use for patients by simplifying their check-in registration process, reducing healthcare providers’ administrative expenses and lost revenue due to insurance rejections or denials.

Based on a recent regulatory filing, Toron Inc decreased its stake in Suncor Energy Inc by 4.88% in selling 170,330 shares as the company’s stock. The company has held 3.32M shares of the integrated oil company at the end of the first quarter of the year valued at $92.65 million, down from 3.49M at the end of the previous reported quarter.

Meanwhile, the company has upped its holdings of Rogers Communications Inc by 125,808 shares to 1.38 million shares, valued at $55.42M in the first quarter of the year, according to the same filing. It also increased its stake of Credicorp Ltd by 42,673 shares in the quarter for a total of 126,564 shares, adding to its stake in Occidental Pete Corp Del as well.

Suncor Energy is a Canadian integrated energy company that specializes in production of synthetic crude from oil sands. Meanwhile, Rogers Communications Inc is a Canadian communications and media company thatoperates particularly in the field of wireless communications, cable television, telephone, and Internet connectivity with its telecommunications and mass media assets. Credicorp Ltd is the largest financial holding company in Peru, with subsidiaries in commercial banking, insurance and investment. Lastly, Occidental Pete Corp Del is an American, Houston-based oil and gas exploration and production company with operations in the United States, the Middle East region, and South America.

 

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