Small
stocks making big moves on Wednesday, November 5, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Pan Orient Energy Corp. (TSXV: POE)
shares surged 17% to $1.82 on Wednesday after the oil and gas producer/explorer
said it has entered into an agreement for the sale of a 50% equity interest in
subsidiary Pan Orient Energy (Siam) Ltd. to a wholly-owned subsidiary of Sea
Oil Public Company Limited of Bangkok, Thailand, for a cash price of US$42.5
million.
As well, shares
of Solium Capital Inc. (TSX: SUM)
slid 19% to $7.19 as the provider cloud-enabled services for global equity
administration, financial reporting and compliance announced that its Q3 revenue
rose 11% to $18.7 million but its net earnings for the period fell 27% to $1.6
million.
Avigilon Corporation (TSX: AVO),
meanwhile, reported a 39% increase in its third-quarter revenue to $71.0
million, while net income for the quarter surged 35% to $11.6 million. Avigilon
is a provider of end-to-end security solutions. Its stock popped 31% to $19.60 following the announcement.
Finally, Ivanhoe Mines (TSX: IVN)
shares jumped 11% to $0.90 after South Africa’s Department of Mineral Resources
gave the miner its final approval of Mining Right for Development of Ivanhoe’s
Platreef Platinum Group Metals Project.
