Small
stocks making big moves on Monday, December 1, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Northstar Healthcare Inc. (TSX: NHC)
shares climbed 9% to $2.14 after the healthcare facilities owner/manager announced
that it has acquired Athas Health, LLC for a total consideration of
approximately US$34 million. Athas is based in Dallas and focuses on the
marketing and delivery of specialized healthcare services in seven states.
As well,
shares of Connacher Oil and Gas
Limited (TSX: CLL)
slipped 13% to $0.065 on volume of more than 2.4 million shares as the in-situ
oil sands producer/developer reported that its Board of Directors has initiated
a process to devise and implement a strategy to address Connacher’s liquidity
and capital structure.
Spyglass Resources Corp. (TSX: SGL),
meanwhile, said it has entered into a purchase and sale agreement to sell its
Red Earth assets for $12.3 million. Red Earth’s production during the third
quarter of 2014 was approximately 210 boe/d. Spyglass Resources stock slumped as much as 13%
before ending up 2% at $0.69 following the announcement.
Finally, RDX Technologies Corporation (TSXV: RDX)
shares sank 23% to $0.62 after the water treatment and energy technology
company acknowledged that it had “lost some ground” in the current quarter, but
that it was necessary to shift its business model in anticipation of future
growth and, thus, the company has “reduced significant expenses and overhead to
improve cash flow.”
