Small
stocks making big moves on Monday, October 27, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Niko Resources Ltd. (TSX: NKO)
shares jumped 6% to $0.34 after the energy company said it has executed a
definitive agreement with a subsidiary of Ophir Energy plc relating to the sale
of Niko’s interests in seven Indonesian production sharing contracts for cash
consideration of $31 million, with further payments of up to $56 million
contingent on future exploration success.
As well,
shares of Aeterna Zentaris Inc. (TSX: AEZ)
climbed as much as 15% to $1.50 as the biopharmaceutical company announced
the formal implementation of its own full-time U.S. sales force with field
selling of ASCEND Therapeutics US LLC’s EstroGel, scheduled to start
the week of November 17, 2014. EstroGel is a non-patch transdermal brand of
estrogen replacement therapy commercialized in the U.S.
AnalytixInsight Inc. (TSXV:
ALY), meanwhile, reported that it has signed a non-binding memorandum of
understanding with IRIS business Services Ltd. to form a strategic partnership
to service clients and explore business opportunities in the financial data
analytics space. AnalytixInsight will also seek to acquire 30% of the equity
ownership in Iris. AnalytixInsight moved up as much as 17% following the
announcement.
Finally,
KFG Resources Ltd. (TSXV: KFG)
shares shot up 22% to $0.11 a week after it was revealed that Kevin Haney had
acquired a 10% interest in the emerging North American natural gas exploration
and production company.
