Small
stocks making big moves on Tuesday, July 7, 2015 (as of 4 pm EST), as reported
by Sean Mason, SmallCapPower.com
StonePoint Energy Inc. (TSXV:
STO) shares powered 36% higher to $0.075 on volume of more than 5.8 million
shares Tuesday after the oil and gas explorer/developer said it agreed to be
acquired by Endurance Energy Ltd. for C$0.078125 per share in cash.
As well,
shares of Denison Mines Corp. (TSX:
DML) slipped 2% to $0.86 as the uranium miner announced that it will merge
with Fission Uranium Corp. (TSX:
FCU). Fission common shareholders will receive 1.26 common shares of
Denison for each common share of Fission held plus $0.0001 per share in cash. Fission
Uranium shares gained 6% to $1.03 on the news.
MedX Health Corp. (TSXV:
MDX), meanwhile, reported that its European pharmacy-focused channel
partner has begun a mole-scanning pilot, using MedX’s SIAscopy technology, in
25 Alphega Pharmacies in the United Kingdom. MedX is a medical device company
focused on skin cancer. Its stock moved up 6% to $0.085 following the announcement.
