Small
stocks making big moves on Monday, March 2, 2015 (as of 4 pm EST), as reported
by Sean Mason, SmallCapPower.com
Mart Resources,
Inc. (TSX: MMT)
shares powered as much as 26% higher before closing up 5% to $0.60 on volume of more than 8.6 million shares
Monday after the oil and gas producer operating out of Nigeria said it has agreed
to be acquired by Midwestern Oil and Gas Company Limited for $0.80 per share in
cash.
As well,
shares of Pivot Technology Solutions,
Inc. (TSXV:
PTG) shot up 55% to $0.325 as the provider of IT solutions announced that
it has initiated the process to convert the company’s outstanding Series A
Preferred Shares into common shares and will initiate the payment of an annual
dividend of $0.03 per share, to be paid quarterly, with the first payment
expected in September 2015.
Oncolytics BiotechInc. (TSX: ONC),
meanwhile, reported that the U.S. Food and Drug Administration (FDA) has
granted Orphan Drug Designation for its lead product candidate, REOLYSIN, for
the treatment of cancer of the fallopian tube.Oncolytics Biotech stock popped 49% to $1.34 following the
announcement.
Finally, Clifton Star Resources Inc. (TSXV: CFO)
shares climbed 75% to $0.175 after the junior explorer said it has settled its
claim against Canadian Malartic Corporation. The company added that Canadian
Malartic has paid Clifton Star approximately C$5.27 million in consideration
for a full and final release from all claims arising from the facts described
in the litigation, the whole without any admission of liability by Canadian
Malartic.
