Sean Mason | February 3, 2016 | SmallCapPower
An Asian hemp deal generated some investor buzz on a day with multiple M&A announcements. Here’s some small stocks making big moves on Wednesday, February 3, 2016 (as of 4 pm EST):
Naturally Splendid Enterprises Ltd. (TSXV: NSP) shares climbed 25% to $0.40 on Wednesday after the biotechnology company announced that it has received an initial purchase order for C$924,000 from the Korea Beauty & Health Care Co., the first shipment being 20 metric tonnes of hulled hemp seeds.
As well, shares of ATS Automation Tooling Systems Inc. (TSX: ATA) slipped 9% to $9.26 as the automation solutions provider said its third-quarter order bookings fell 21% from the same period last year to $228 million.
Tidewater Midstream and Infrastructure Ltd. (TSXV: TWM), meanwhile, reported that it has entered into an agreement to acquire 100% of AltaGas Ltd.’s working interest in select Deep Basin and central Alberta gas processing facilities and related infrastructure, in exchange for approximately 43.7 million Tidewater common shares and $30 million in cash. Tidewater stock moved up 13% to $1.47 following the announcement.
Finally, Argentex Mining Corporation (TSXV: ATX) shares rose 50% to $0.045 after the precious metals project developer announced that it has agreed to be acquired by Australian-listed Austral Gold Limited in an all-stock transaction.
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