Small
stocks making big moves on Wednesday, March 25, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Intertainment Media Inc. (TSXV:
INT) shares powered 233% higher to $0.05 on volume of more than 18.5 million
shares Wednesday after the technology incubator announced that the United
States Patent and Trademark Office has granted a patent for “Translation
System and Method for Multiple Instant Message Networks,” on March 17,
2015. The company added that the patent protects its technology where instant
messages are translated for communication purposes between languages.
As well,
shares of LGX Oil + Gas Inc. (TSXV:
OIL) slid 35% to $0.065 as the junior oil and natural gas company
said at current commodity prices it expects that it may approach
“non-compliance with the existing financial covenants under its credit
facilities in the near future and will continue proactive discussions with its
lender regarding the facility and the covenants.”
Cencotech Inc. (TSXV:
CTZ), meanwhile, reported that its first-quarter revenue rose to $346,572 from
$269,723 during the same period last year. The company’s products are designed
to bring efficiency to the processing of currency and other value instruments
in financial institutions, large retailers, public transportation operations
and the gaming industry. Cencotech stock moved up 33% to $0.12 following the
announcement.
Finally, Oncolytics Biotech Inc. (TSX:
ONC) shares gained 2% to $0.99 after the clinical-stage biotechnology firm
announced that the European Medicines Agency has granted Orphan Drug
Designation for its lead product candidate, REOLYSIN, for the treatment of
ovarian, fallopian tube and primary peritoneal cancers.
