Small
stocks making big moves on Tuesday, December 2, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
TransGaming Inc. (TSXV: TNG)
shares powered 23% higher to $0.08 on Tuesday after the consumer technology/video
games maker said it has entered into a strategic partnership with a global
developer and publisher of premium online games, to bring multiplayer online
role-playing games (MMORPG) to additional platforms, including Mac.
As well,
shares of Perseus Mining Limited (TSX: PRU)
slipped 13% to $0.24 as the junior gold miner announced that it has accepted a
temporary 25% reduction in the amount of power allocated to the company for the
operation of the Edikan Gold Mine in Ghana.
Family Memorials Inc. (TSXV: FAM),
meanwhile, reported a 360% surge in its third-quarter sales to $5,385,607 along
with record net income of $717,068. The consolidator of businesses that sell
monuments and memorials in the death care industry also increased its gross
margins during the period from 35.82% to 47.87%. Family Memorials stock shot up
63% to $0.155 following the announcement.
Finally, CRH Medical Corporation (TSX: CRH)
shares surged 43% to $1.50 after the North American medical company focused on
providing physicians with products and services for the treatment of
gastrointestinal diseases announced the acquisition of the business, assets and
interests of Gastroenterology Anesthesia Associates, LLC, one of the largest
providers of anesthesiology services to gastroenterologists in the southeastern
United States. CRH will pay US$58.6 million at closing with up to an additional
US$14.6 million payable within 4.5 years based on agreed financial performance
requirements of the acquired business, or a maximum total purchase price of
US$73.2 million.
