Small
stocks making big moves on Friday, July 24, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Batero Gold Corp. (TSXV:
BAT) shares jumped 13% to $0.085 on Friday after the gold explorer announced
that it has agreed to acquire CB Gold
Inc. (TSXV:
CBJ) in a friendly cash-and-stock deal. CB Gold shareholders will receive 0.3056
of a Batero share and C$0.0275 in cash for each CB Gold common share held. CB
Gold shares rose 29% to $0.045.
As well,
shares of Eguana Technologies Inc. (TSXV:
EGT) sank 45% to $0.115 as the provider of power conversion and control
systems for distributed, grid edge energy storage systems said it has been
unable to reach agreement with Sonnenbatterie on extending the supply of
Bi-Direx power control systems.
Celestica Inc. (TSX:
CLS), meanwhile, reported a second-quarter profit of $24.2 million, or
$0.25 per share, which exceeded Wall Street expectations by a penny. Celestica
stock moved up 10% to $16.70 following the announcement.
