Digital Media Stock Surges on Mobile Launch

theScore, Inc. (TSXV:SCR), a digital media stock, jumped after announcing plans to launch a mobile sportsbook in the United States

Sean Mason | December 18, 2018 | SmallCapPower

A U.S. mobile sportsbook launch sparked speculation in a digital media stock Tuesday. Here’s some small stocks making big moves on Tuesday, December 18, 2018 (as of 11:30 am EST):

theScore, Inc. (TSXV:SCR), a digital media stock, powered 17% higher to $0.28 on Tuesday after announcing plans to launch a mobile sportsbook in the United States in 2019 after securing market access through an official licensing partnership with Darby Development LLC, the operator of the Monmouth Park Racetrack in New Jersey.

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As well, shares of BELLUS Health Inc. (TSX:BLU) slipped 14% to $1.11 as the clinical-stage biopharmaceutical company said it has closed an equity offering at a price of $0.95 per share for gross proceeds of $35 million.

Neo Performance Materials Inc. (TSX:NEO), meanwhile, reported that it has agreed to be acquired by Luxfer Holdings PLC (NYSE:LXFR) for US$612 million in cash and stock. Neo Performance shareholders will receive US$5.98 in cash and 0.395 Luxfer shares for each NEO common share held. Neo Performance Materials stock popped 39% to $16.14 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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