Small
stocks making big moves on Friday, October 31, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
PetroFrontier Corp. (TSXV: PFC)
shares surged 33% to $0.06 on Friday after the oil and gas explorer/developer
said its wholly-owned subsidiary, PetroFrontier (Australia) Pty Ltd., has
received A$2,971,884 in respect of Research & Development tax incentives
from the Australian Taxation Office plus accrued interest of $101,783.
As well,
shares of Lightstream Resources Ltd.
(TSX: LTS)
slipped 7% to $2.98 on volume of more than 3.8 million shares as
the light oil producer focused on the Bakken and Cardium areas reported a
27% decrease in its third-quarter funds flow from operations to $131 million,
or $0.65 per basic share.
Peak Positioning Technologies Inc. (TSXV: PKK),
meanwhile, provided an update to its pending acquisition of LongKey Hong Kong
Limited, saying LongKey’s Internet Financial Services initiative, developed and
offered in collaboration with the Industrial and Commercial Bank of China, is
quickly becoming its most prominent line of business. Peak Positioning
Corporation provides Web development services and develops mobile software
platforms. Its stock moved up 100% to $0.02 following the announcement.
Finally, Slyce (TSXV: SLC)
shares rose 8% to $0.78 after the visual product search platform announced the
completion of its previously announced acquisition of Drivetrain Agency, LLC,
for a combination of Slyce common shares, cash, and deferred cash payments in
an amount up to US$3.5 million.
