A big deal for a diamond junior turned out to be a shareholder’s best friend Thursday. Here’s some small stocks making big moves on Thursday, July 19, 2018 (as of 4 pm EST):
Peregrine Diamonds Ltd. (TSX:PGD) shares surged 47% to $0.235 on Thursday after the diamond junior announced that it has agreed to be acquired by De Beers Canada for $0.24 per share in cash, or a total equity value of approximately $107 million.
As well, shares of Honey Badger Exploration Inc. (TSXV:TUF) slipped 9% to $0.155 as the junior explorer said it has entered into an option agreement with Cairngorm Mines Limited to acquire a 100% interest in the Beaver Silver Property in northern Ontario, which includes the past-producing Beaver Silver Mine.
EnerDynamic Hybrid Technologies Corp. (TSXV:EHT), meanwhile, reported that it, along with its African partner Maple Leaf Holdings SA, has received an open order from the Government of Burkina Faso Housing Authority to immediately start the construction of EHT ENERTEC housing to help satisfy the need to build up to 40,000 homes. EnerDynamic Hybrid stock moved up 22% to $0.055 following the announcement.
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.
Peregrine Diamonds Ltd. (TSX:PGD) shares surged 47% to $0.235 on Thursday after the diamond junior announced that it has agreed to be acquired by De Beers Canada for $0.24 per share in cash, or a total equity value of approximately $107 million.
