Small
stocks making big moves on Friday, December 5, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Anderson Energy Ltd. (TSX:
AXL) shares shot up 29% to $0.155 on Friday after the resource-based oil and
gas company said it has signed agreements to reorganize its business, which
will result in the disposition of predominantly shallow gas assets that
produced approximately 510 BOED of production (95% natural gas) in the third
quarter of 2014, as well as involve the receipt of $35 million in non-dilutive
financing.
As well, shares of Canexus Corporation (TSX: CUS) jumped 11% to $3.23 as the producer of sodium chlorate and
chlor-alkali products largely for the pulp and paper and water treatment
industries confirmed that the announced disposition
process for the North American Terminal Operations crude-by-rail facility
continues on schedule despite recent commodity price volatility.
Elissa
Resources Ltd. (TSX: V.ELI),
meanwhile, said it anticipates a possible change of business in the future,
which would involve acquiring part, or all, of Spectrum Optix, a private
technology development company developing technologies relating to imagery and
light concentration for lens and image capture based systems. Elissa stock popped 60% to $0.04 following the
announcement.
