Small
stocks making big moves on Tuesday, November 11, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
SEMAFO (TSX: SMF)
shares jumped 9% to $3.06 on volume of more than 3.4 million shares Tuesday
after the Canadian gold producer operating in West Africa raised its 2014
production guidance by 9% to between 230,000 and 235,000 ounces of gold, while
lowering its full year total cash cost estimates to between $660 and $675 per
ounce.
As well,
shares of Martinrea International Inc.
(TSX: MRE)
slid 18% to $10.14 as the producer of metal parts, assemblies and modules and
fluid management systems focused primarily on the automotive sector reported Q3
consolidated sales that increased 12% to $859.5 million while its earnings per
share for the quarter of $0.23 came in at the low end of the company’s guidance
due to the fact that revenue was also at the low end of the company’s forecast.
Vicwest Inc. (TSX: VIC),
meanwhile, said it has agreed to be acquired by Kingspan Group plc and Ag
Growth International Inc. for $12.70 per share in cash, or a total consideration
of approximately $224 million. Vicwest is a manufacturer and distributor of
engineered storage and handling systems for grain, fertilizer and liquid
storage. Its stock popped 19% to $12.66 following the announcement.
Finally, Fortuna Silver Mines Inc. (TSX: FVI)
shares shot up 15% to $5 after the silver and base metal producer announced
record third-quarter sales that surged 54% to $46.4 million, while swinging to
a profit of $7.8 million for the period from a loss of $0.3 million a year
earlier.
