theScore, Inc. (TSXV:SCR), a digital media stock, surged after announcing initial approval to engage in Internet and mobile sports wagering in New Jersey
Mobile sports wagering approval propelled a digital media stock higher Friday. Here’s some small stocks making big moves on Friday, August 16, 2019 (as of 4 pm EST):
theScore, Inc. (TSXV:SCR), a digital media stock, jumped 8% to $0.53 on Friday after announcing that the New Jersey Division of Gaming Enforcement has granted an initial approval authorizing the Company’s subsidiary, Score Digital Sports Ventures Inc, to engage in Internet and mobile sports wagering activities in the State.
As well, shares of Fremont Gold Ltd. (TSXV:FRE) slid 22% to $0.07 as the gold junior said it is selling its rights and interest in the Gold Canyon project, located in Eureka County, Nevada, to McEwen Mining Inc. in exchange for 300,000 McEwen common shares.
Callidus Capital Corporation (TSX:CBL), meanwhile, reported that it has agreed to be acquired by Braslyn Ltd. for $0.75 per share in cash. Callidus Capital stock popped 76% to $0.72 following the announcement.
Finally, Stuhini Exploration Ltd. (TSXV:STU) shares gained 27% to $0.28 after the junior explorer announced that Eric Sprott has agreed to participate in the Company’s non-brokered private placement, purchasing one million shares at a price of $0.17 per share.
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.
theScore, Inc. (TSXV:SCR), a digital media stock, jumped 8% to $0.53 on Friday after announcing that the New Jersey Division of Gaming Enforcement has granted an initial approval authorizing the Company’s subsidiary, Score Digital Sports Ventures Inc, to engage in Internet and mobile sports wagering activities in the State.
