Small
stocks making big moves on Thursday, May 21, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Intellipharmaceutics International Inc. (TSX:
I) shares surged 9% to $3.60 on Thursday after the pharmaceutical company announced
that the United States Food and Drug Administration (FDA) said Intellipharmaceutics
will not be required to conduct Phase III studies if bioequivalence to Rexista Oxycodone
XR (Abuse Deterrent oxycodone hydrochloride) extended release tablets is
demonstrated. Based on this ruling the company said it intends to accelerate
its development program.
As well,
shares of Trevali Mining Corporation (TSX:
TV) slipped 5% to $1.07 as the zinc miner said it has increased its bought
deal financing to 30 million common shares of the company at a price per share
of $1.02 for gross proceeds of $30.6 million.
Eurocontrol Technics Group Inc. (TSXV:
EUO), meanwhile, reported first-quarter revenue that surged 36% to
$1,931,299, while its operating net income during the period increased 827% to $546,267
and its overall gross margin rose from 48% to 61%. Eurocontrol provides energy
security, authentication, verification and certification technologies. Its
stock popped 46% to $0.08 following the announcement.
Finally, Sylogist Ltd. (TSXV:
SYZ) shares rose 7% to $8.02 after the provider of enterprise information
management solutions to public and private sector customers announced unaudited
second-quarter revenue that increased 124% to $7.0 million.
