Small
stocks making big moves on Thursday, February 19, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
DragonWave Inc. (TSX: DWI)
shares climbed 8% to $1.17 on Thursday after the supplier of packet microwave
radio systems for mobile and access networks said recently that a major Asian
operator has begun volume deployments of all outdoor small cells utilizing
DragonWave’s Avenue Link products for wireless backhaul, which are being
deployed in urban areas at street level and are now carrying live traffic.
As well, shares
of Caza Oil & Gas, Inc. (TSX: CAZ)
slid 24% to $0.14 as the oil and gas producer/explorer announced that it has
obtained a US$4 million loan to cover ongoing operational costs as an
initial tranche of a US$5 million facility under a convertible unsecured note
agreement dated February 18, 2015.
easyhome Ltd. (TSX:
EH), meanwhile, reported an 18% increase in fiscal 2014 revenue to $259.2
million and net income of $19.7 million, up 39% from 2013. The provider
of goods and financial services to the cash and credit constrained consumer
also said it is increasing its quarterly dividend from $0.085 to $0.10 per
share. easyhome
stock moved up 10% to $21.12 following the announcement.
Finally, Teranga Gold Corporation (TSX: TGZ)
shares rose 5% to $0.60 after the gold miner with operations in Senegal, West
Africa reported record free cash flow of $39.1 million for fiscal 2014, as well
as a full-year profit attributable to shareholders totaling $17.8 million,
or $0.05 per share. The company also declared itself to be debt free as of
December 31, 2014.
