Sean Mason | November 12, 2015 |
SmallCapPower
A top and
bottom-line boost brought buyers into a biotech name Thursday, while an energy
junior bled following a dividend cut. Here’s some small stocks making big moves
on Thursday, November 12, 2015 (as of 4 pm EST):
Ceapro Inc. (TSXV:
CZO) shares powered 34% higher to $0.45 on Thursday after biotechnology
company focused on the development and commercialization of active ingredients
for healthcare and cosmetic industries announced third-quarter sales that
increased 26% to $3.1 million, while its net profit for the period rose to
$1,006,000 from $690,000 a year earlier.
As well,
shares of Twin Butte Energy Ltd. (TSX: TBE) slipped 12% to
$0.26 as the intermediate energy producer said it will reduce its monthly
dividend to $0.00083 per share from $0.003 per share, effective January 2016.
Dunnedin Ventures Inc. (TSXV:
DVI), meanwhile, reported the first diamond results from the Company’s 2015
summer field investigation program at the Kahuna project in Nunavut, in which a
0.82 tonne sample of the PST kimberlite has yielded 96 macrodiamonds (+0.85 mm)
totaling 5.34 carats, for a sample grade of 6.50 carats per tonne. The Company added
that the sample grade is higher than the historically reported result of 2.18
carats per tonne. Dunnedin Ventures stock moved up 63% to $0.065 following the
announcement.
Finally, Nobilis Health Corp. (TSX:
NHC) shares slid 20% to $3.83 after the owner and manager of ambulatory and
acute care facilities announced that management and its accounting firm have
identified certain non-cash accounting differences arising in its conversion
from U.S. GAAP and IFRS rules and opening balance sheet valuations, which will
delay the Company’s earnings release and the filing of its quarterly financial
statements.
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