Small
stocks making big moves on Monday, January 26, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
GuestLogix Inc. (TSX:
GXI) shares powered 21% higher to $0.70 on volume of more than 2.3 million
shares Monday after the provider of ancillary-focused merchandising, payment
and business intelligence technology to airlines and the passenger travel
industry announced its collaboration with Travel Retail Training Ltd., Samsung
and Comply365 to support Inflight Sales Person of the Year 2015’s crew
engagement initiative.
As well,
shares of Intertape Polymer Group Inc.
(TSX: ITP)
slid 15% to $17.20 as the tape and packaging firm reduced its fourth-quarter
EBITDA guidance to about $20.5 million from its previous outlook of between $24
million and $26 million.
Carfinco Financial Group Inc. (TSX: CFN),
meanwhile, reported that the Bank of Spain has approved the acquisition of
Carfinco by Banco Santander, S.A. pursuant to the previously announced plan of
arrangement. Carfinco Financial stock moved up 10% to $10.55 following the
announcement.
Finally, Brilliant Resources Inc. (TSXV: BLT)
shares continued to move higher Monday, up 13% to $0.175. On Thursday, the micro-cap
explorer’s share price surged 48% after the company announced that its
wholly-owned subsidiary, Ivory Resources Inc., has agreed to relinquish all its
rights and interests under the terms of its Exploration Services Agreement with
the government of the Republic of Equatorial Guinea, and to work with the
Government to open up the Río Muni area of the country to mining. As part of
this agreement, the Guinea government agreed to pay Ivory Resources US$31.5
million in cash in three installments. Brilliant’s stock price has soared
169% during the past four trading sessions.
