Small
stocks making big moves on Thursday, July 16, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Temex
Resources Corp. (TSXV:
TME) shares climbed 109% to $0.115 on volume of more than 7.2 million
shares Thursday after the gold explorer said it has received an all-stock takeover
proposal from Lake Shore Gold Corp.
(TSX:
LSG) valued at $0.13 per Temex share. On June 9, 2015, Oban Mining
revealed it would offer 0.780 of an Oban share in exchange for each common
share of Temex held.
As well,
shares of Colabor Group Inc. (TSX:
GCL) gained 2% to $1.21 as the food distribution company announced
that its Q2 sales were up 5.6% to $366.6 million, while comparable sales rose
4.2% and its cash flow from operations increased to $3.6 million from $1.6
million a year earlier.
Augusta Industries Inc. (TSXV:
AAO), meanwhile, reported that its wholly-owned subsidiary Fox-Tek Canada
Inc. has entered into a non-disclosure agreement with Mitsubishi Heavy
Industries America Inc. Augusta added that Mitsubishi is interested
in Fox-Tek’s non-intrusive strain monitoring technologies to detect pipeline
bending/buckling and to further service these pipelines. Augusta Industries
stock moved up 29% to $0.09 following the announcement.
