Some investors
were buoyed by a portfolio company success story, while a smaller loss boosted
a WiFi play. Here’s some small stocks making big moves on Tuesday, August 25,
2015 (as of 4 pm EST):
Grenville Strategic Royalty Corp. (TSXV: GRC) shares surged 16% to $0.59 on Tuesday after the
financial company revealed that one of its portfolio companies, Above Security
Inc., is set to be acquired by Hitachi Systems. Grenville funds industrial and
technology companies through revenue-based royalties.
As well,
shares of Edgewater Wireless Systems
Inc. (TSXV:
YFI) rose 6% to $0.185 as the manufacturer of multi-channel WiFi3 technology
for high-density WiFi applications late Friday said its fiscal 2015 net loss
narrowed to $1.9 million from $2.6 million a year earlier.
POET Technologies Inc. (TSXV: PTK) stock, meanwhile, move up 34% to $0.86 a day after the company
reported that it had entered into a VCSEL Manufacturing Services Agreement with
ANADIGICS, Inc. for VCSEL process transfer and manufacturing, which POET claims
will accelerate the transition from lab-to-fab and enables successful prototype
demonstrations in a mature and capable manufacturing environment.
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