Small
stocks making big moves on Wednesday, October 29, 2014 (as of 12 pm EST), as
reported by Sean Mason, SmallCapPower.com
Verde Potash (TSX: NPK)
shares powered 57% higher to $0.58 on Wednesday after the Brazilian fertilizer
developer said it has been approved for a financing program entitled PAISS
Agricola, jointly managed by the Brazilian Development Bank and the Financing
Agency for Studies and Projects. Verde’s application to the program is
predicated on optimizing sugarcane growers’ production process while expanding
the use of ThermoPotash, a multi-function fertilizer, as part of its nutrient
management practices.
As well,
shares of Horizon North Logistics Inc.
(TSX: HNL)
slid 27% to $3.36 on more than 2.5 million shares traded as the provider of
workforce accommodation solutions for remote resource development reported a
23% decrease in its third-quarter revenue to $121.9 million, while its earnings
per share for the period sank 59% to $0.07.
CanAm Coal Corp. (TSXV: COE),
meanwhile, announced it has signed a binding Letter of Intent to acquire a 100%
interest in an Alberta Metallic and Industrial Minerals Permit covering
approximately 1,200 acres of land containing silica sand (or Frac Sand) in
western Canada. CanAm Coal stock popped 11% to $0.05 following the
announcement.
Finally, Cipher Pharmaceuticals Inc. (TSX: DND)
shares rose 9% to $13.52 after the specialty pharmaceutical firm reported Q3
revenue that increased 28% to $7.2 million, while earnings per share for the
quarter jumped from $0.14 to $0.34.
