Solar Alliance Energy, Inc. (CVE:SAN), a solar energy stock, powered higher after announcing a LOI to acquire certain assets of a U.S. solar company
Sean Mason | April 4, 2017 | SmallCapPower
A solar assets buy south of the border was good news for holders of a certain solar energy stock. Here’s some small stocks making big moves on Tuesday, April 4, 2017 (as of 4 pm EST):
Solar energy stock Solar Alliance Energy, Inc. (TSXV: SAN) surged 179% to $0.195 on Tuesday after announcing that it has signed a Letter of Intent to acquire certain assets of a U.S. solar company for a total consideration of up to US$2 million in contingent payments. In 2016, the team that the Company is acquiring sold more than 7 MW of residential solar systems, generating US$34,305,000 (unaudited) in revenue.
As well, shares of Graphite One Resources Inc. (TSXV: GPH) rose 8% to $0.07 as the graphite junior said Alaska Government officials recognized the Company’s Graphite Creek development project as a significant infrastructure project of a “supply critical mineral.”
Theralase Technologies Inc. (TSXV: TLT), meanwhile, reported that the first patient was treated on March 30, 2017, for Non-Muscle Invasive Bladder cancer using its novel Photo Dynamic Therapy technology. Theralase Technologies stock moved up 14% to $0.36 following the announcement.
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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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