Shareholders of a junior explorer found out they will be getting a special stock dividend Tuesday. Here’s some small stocks making big moves on Tuesday, February 27, 2018 (as of 4 pm EST):
Almadex Minerals Limited (TSXV:AMZ) shares climbed 11% to $1.56 on Tuesday after the junior explorer announced that it will spin out its early-stage exploration projects, royalty interests and certain other non-core assets to existing shareholders.
As well, shares of Maple Leaf Green World Inc. (TSXV:MGW) slid 14% to $0.81 as the Canadian cannabis company said it has submitted a request to voluntarily delist its common shares from the TSX Venture Exchange, and has received conditional approval to have its stock listed on the Aequitas NEO Exchange.
SunOpta Inc. (TSX:SOY), meanwhile, reported better than expected fourth-quarter revenue of US$292.4 million. SunOpta stock moved up 6% to $8.98 following the announcement.
Finally, WestBond Enterprises Corporation (TSXV:WBE) shares rose 15% to $0.115 after the disposable paper products supplier announced that it has posted a profit of $124,341 for the quarter ended December 31, 2017, an 108% increase over the same period last year. Sales for the period increased 14% to $2,617,300.
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.