Sean Mason | February 4, 2016 | SmallCapPower
A beaten-down miner got some government help Thursday, while a tax claim tarnished a precious metals play. Here’s some small stocks making big moves on Thursday, February 4, 2016 (as of 4 pm EST):
First Quantum Minerals Ltd. (TSX: FM) shares powered 34% higher to $4.05 on Thursday after Reuters reported that Zambia has resumed issuing new mining licences, and granting renewal and transfer of rights which it had suspended in August last year. First Quantum has interest in an operating mine and development project in that country.
As well, shares of Primero Mining Corp. (TSX: P) sank 29% to $2.58 as the precious metals miner said its Mexican subsidiary has received a legal claim from the Mexican tax authorities seeking to nullify the Advance Pricing Agreement issued in 2012.
Edgewater Wireless Systems Inc. (TSXV: YFI), meanwhile, reported that it has recently completed what it called “successful technology demonstrations” with a number of prospective customers and partners, including a major North American Telco as well as multiple wireless equipment manufacturers. Edgewater Wireless stock moved up 8% to $0.27 following the announcement.
Finally, EXO U Inc. (TSXV: EXO) shares continued to move higher Thursday, up 25% to $0.15. On Wednesday, the software platform developer’s stock price surged 26% after the Company announced that it has entered into a distribution agreement with Genee World Ltd., which will enable the distribution of the Ormi software platform with Genee World’s technology solutions for kindergarten to Grade 12 higher education, and corporate.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.
DISCLAIMER
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.
