Some good
news in the junior gold space brought out the speculators Wednesday while a
revenue surge boosted a popular healthcare play. Here’s some small stocks
making big moves on Wednesday, September 30, 2015 (as of 4 pm EST):
Monument Mining Limited (TSXV:
MMY) shares powered 39% higher to $0.125 on Wednesday after the gold miner
with operations in Malaysia announced its fiscal 2015 financial results, in
which the company recorded a net profit of $11.4 million, or $0.04 per share,
and reduced its cash cost per ounce by 4% to US$587.
As well,
shares of Barisan Gold Corporation (TSXV:
BG) climbed 100% to $0.04 as the gold explorer said it has entered into a
preliminary agreement with a prominent Indonesian group to jointly advance Barisan’s
Indonesian properties. Under the terms of the agreement, the Indonesian group
will take an 80% equity interest in both of Barisan’s Indonesian subsidiaries.
Convalo Health International, Corp. (TSXV:
CXV), meanwhile, reported revenue growth of 145% to $5.6 million for the
quarter ending August 31, 2015, while Adjusted EBITDA for the period rose to more
than $1 million. Convalo Health stock moved up 15% to $0.315 following the
announcement.
Finally, Concordia Healthcare Corp. (TSX:
CXR) shares gained 18% to $56.94 after the company announced that, further
to its September 24, 2015 press release, it has completed its underwritten
public offering of eight million common shares of the Company for aggregate
gross proceeds of US$520 million.
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