Small cap stocks making big moves on Tuesday, December 9, 2014 (as of 4 pm
EST), as reported by Hassan Malik, SmallCapPower.com
PetroQuest Energy
Inc. (NYSE: PQ)
shot up 23% to $3.99 on Tuesday after the independent energy company made what it
called a “significant discovery” at its internally
generated Thunder Bayou Prospect located in Vermillion Parish, Louisiana. The company
expects to commence production from its Thunder Bayou discovery well in the
second quarter of 2015 at a gross daily rate of approximately 25,000 – 30,000
Mcf of gas plus associated oil and natural gas liquids, which will be
determined during the upcoming well test.
As well,
shares of Biotech Bluebird Bio (NASDAQ: BLUE)
soared 72% to $84.28 following a researcher’s report from the annual meeting of
the American Society of Hematology, stating that two patients with a fatal
blood disease have been able to forgo blood transfusions for at least five
months after being treated with the company’s technique to replace the
defective gene that causes the condition.
Conns Inc. (NASDAQ:
CONN) stock, meanwhile, sank 41% to $20.83 after following disappointing
financial results in its fiscal third quarter. The company reported a Q3 loss
of $0.08 per share, compared with a profit $0.66 per share during the same
period last year. The miss was driven by bad debt provisions that were
substantially higher than the company had anticipated.
