Small
stocks making big moves on Thursday, October 16, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Mart Resources, Inc. (TSX: MMT)
shares jumped 10% to $0.96 on Thursday after the independent oil and gas
company focused on production and development opportunities in Nigeria said its
Umusadege field production averaged 12,950 barrels of oil per day during
September 2014 based on production days. The company also declared a quarterly
dividend of $0.01 (one cent) per common share.
As well, shares of
Slyce Inc. (TSXV: SLC)
slipped 4% to $0.53 as the visual product search platform reported the
completion of its previously announced acquisition of mobile commerce company
BuyCode, Inc., for a total consideration of US$5 million in shares, in cash and
earn-out incentives.
Meanwhile,
ViXS Systems Inc. (TSX: VXS)
and Sling Media, Inc., a wholly-owned subsidiary of EchoStar Corporation (NASDAQ: SATS),
announced their collaboration on Sling Media’s new network transcoder, a
plug-and-play, stand-alone Slingbox targeted for MSOs and MVPDs. ViXS provides
media processing semiconductor solutions for the broadcasting and consumer
electronics industries. Its stock moved up 11% to $1.18 on Thursday.
Finally,
Patient Home Monitoring (TSXV: PHM)
shares rose 3% to $0.40 after the annuity-based healthcare products and
services provider revealed its updated investor presentation, which highlighted
its fourth-quarter revenue and profit as well as organic growth figures.
