Speculators who took a gamble on a Canadian gaming stock are set to get paid out Friday. Here’s some small stocks making big moves on Friday, June 12, 2020 (as of 4 pm EST):
Seven Aces Limited (TSXV:ACES), a Canadian gaming stock, surged 22% to $2.15 on Friday after agreeing to be acquired by an affiliate of Trive Capital Management LLC for C$2.15 per share in cash, or a total consideration of approximately C$178.6 million.
As well, shares of PetroTal Corp. (TSXV:TAL) rose 3% to $0.195 as the oil and gas producer/developer said it has entered into an arrangement with PETROPERU S.A., in which PetroTal’s liability to Petroperu will be payable over a three-year period rather than at the point of sale of the oil.
PyroGenesis Canada Inc. (TSXV:PYR) stock, meanwhile, continued to move higher Friday, up 12% to $2.08 following a 14% gain on Thursday, after reporting that it has signed a second multi-phase torch modelling contract, aimed at evaluating the performance of PyroGenesis’ proprietary torches in an existing iron ore industrial furnace with the goal of replacing existing fossil fuel burners with PyroGenesis’ plasma torches. The contract is with another multi-billion-dollar producer of iron ore pellets.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.