Small
cap stocks making big moves on Tuesday, September 9, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
SinoCoking Coal and Coke Chemical
Industries, Inc. (NASDAQ: SCOK)
shares soared 143% to $7.09 on volume of more than 39.6 million shares Tuesday
after the vertically-integrated coal and coke processor said it has signed an
exclusive agreement with both the Institute of Process Engineering of the
Chinese Academy of Sciences and the North China Institute of Science and
Technology to refine and implement a technology that will be used, beginning
next month, to convert the 21 million tons of coal at four SinoCoking
underground mines into syngas, a clean burning fuel. SinoCoking added that it
believes this agreement will produce incremental gross profit in 2015 of
between $30 million and $45 million.
As well,
shares of MaxLinear, Inc. (NYSE: MXL)
slipped 17% to $7.26 as the provider of integrated radio frequency (RF) and
mixed-signal integrated circuits for broadband communications applications
offered up weaker-than-expected Q3 revenue guidance.
Annie’s, Inc. (NYSE: BNNY),
meanwhile, announced that it has agreed to be acquired by General Mills, Inc. (NYSE: GIS)
for $46 per share in cash, or a total consideration of approximately $820
million. Annie’s is a natural and organic food company. Its stock popped 38% to
$46.10 following the announcement.
Finally,
iPass Inc. (NASDAQ: IPAS)
shares powered 22% higher to $1.39 after the provider of Wi-Fi connectivity
services to enterprises, telecommunications carriers, service providers and
device manufacturers reported that its Board of Directors has initiated a
process to explore strategic alternatives that may enhance shareholder value.
