Small
stocks making big moves on Tuesday, February 10, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Uni-Select Inc. (TSX: UNS)
shares powered 15% higher to $36.99 on Tuesday after the automotive aftermarket
parts and paint products distributor said it has entered into an agreement for
the sale of substantially all of the assets of Uni-Select USA, Inc. and
Beck/Arnley Worldparts, Inc. to an affiliate of Icahn Enterprises L.P. at a
purchase price of approximately US$340 million.
As well,
shares of Long Run Exploration Ltd. (TSX: LRE)
slipped 15% to $1.15 on volume of more than 3.6 million shares as the Calgary-based
intermediate oil and natural gas company focused on light oil development
and exploration in western Canada announced that it decided to reduce its
2015 capital budget to $100 million and suspend its monthly dividend, although
it will pay the previously announced January dividend on February 13, 2015 to
shareholders of record at the close of business on January 30, 2015.
MRRM Inc. (TSXV: MRR),
meanwhile, reported that it has agreed to be acquired by privately-held French company
Marbour S.A.S. for $4.45 per share in cash, or a total consideration of $11
million. MRRM Inc. is engaged in the food industry and in the ship agency
services business and has been milling and processing rice for over a century.
Its stock popped 54% to $4.35 following the announcement.
Finally, Caribou King Resources Ltd. (TSXV: CKR)
shares climbed 28% to $0.115 after the junior explorer announced preliminary
results of up to 99.3% graphitic carbon from its first beneficiation test on the
100% owned Buckingham flake/lump graphite property in Quebec.
