Small
stocks making big moves on Monday, March 23, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Ivanhoe Mines Ltd. (TSX: IVN)
shares powered 12% higher to $1.09 on volume of more than 2.4 million shares
Monday after the mining projects developer announced that China’s Zijin Mining
Group Co., Ltd. has agreed to acquire 76,817,020 common shares of Ivanhoe
through a private placement at a price of C$1.36 per share, for a total
investment of approximately C$105 million. Following the transaction Zijin
Mining will own approximately 9.9% of Ivanhoe Mines.
As well,
shares of Noront Resources Ltd. (TSXV: NOT)
shot up 37% to $0.49 as the resource junior said it will buy Cliffs
Natural Resources Inc.’s chromite assets in the Ring of Fire district of
northern Ontario for US$20 million, which will be financed by a loan from
Franco-Nevada Corp.
Nobilis Health Corp. (TSX: NHC),
meanwhile, reported that its fiscal 2014 revenue surged 170% to $84.0 million,
while its net income per share for the year increased to $0.14 from $0.04 in
2013. The company owns and manages ambulatory and acute care facilities.
Nobilis Health stock popped 22% to $6.06 following the announcement.
Finally, Lion One Metals Limited (TSXV: LIO)
shares jumped 30% to $0.26 after the junior explorer announced that Fiji’s
Minister of Lands and Mineral Resources has approved the grant of a Special
Mining Lease (SML) for the company’s wholly-owned Tuvatu Gold Project located
on the island of Viti Levu.
