Small
stocks making big moves on Monday, January 5, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Uranerz Energy Corporation (TSX: URZ)
shares shot up as much as 12% before closing 3% higher to $1.37 on Monday after the U.S. uranium producer said it
has agreed to be acquired by Energy
Fuels Inc. (TSX: EFR)
in an all-stock transaction valued at approximately $150 million. Uranerz shareholders
will receive 0.255 common shares of Energy Fuels for each share of Uranerz
common stock held and Energy Fuels claims that the combined entity will be the
largest publicly-traded uranium company by market capitalization operationally
focused and listed in the U.S.
As well,
shares of CB Gold Inc. (TSXV: CBJ)
continued to surge higher Monday, up 42% to $0.135. On December 22, 2014, the
company announced that it had received a favorable environmental ruling pertaining
to its properties that form the Vetas Gold Project in Colombia. CB Gold shares
have soared about 180% since making the announcement.
Frankly Inc. (TSXV: TLK)
shares, meanwhile, moved up as much as 7% before ending down a penny to $3.04 on its first day of trading on the TSX
Venture Exchange. Frankly’s core business is to offer a technology solution
that enables any developer to integrate mobile chat capabilities inside of
their app. And, in November 2014, the company announced a partnership with
Victoria’s Secret to power chat within its PINK Nation mobile app.
Finally,
shares of Snipp Interactive Inc. (TSXV: SPN)
rose as much as 6% before finishing unchanged at $0.65 as the provider of mobile marketing solutions reported that it
has agreed to acquire all of the issued and outstanding shares of Swiss Post
Solutions Ireland Limited. The company said the acquisition is expected to
close on or about January 31, 2015 and will be financed from Snipp’s current
cash reserves. It also added that the acquisition is expected to contribute
upwards of $1.5 million in revenue for FY 2015 and generate positive net income.
