Growing
demand for a small potash play caused its share price to sprout Thursday while
every investor loves a special dividend. Here’s some small stocks making big
moves on Thursday, October 1, 2015 (as of 4 pm EST):
Karnalyte
Resources Inc. (TSX:
KRN) shares surged 74% to
$0.94 on Thursday after the potash project developer acknowledged a
press release issued this morning on behalf of Erwin Singh Braich, which
indicates his interest in acquiring control of Karnalyte.
As well,
shares of ProMetic Life Sciences Inc.
(TSX:
PLI) gained 24% to $1.82 as the biopharmaceutical company said it had
a successful Pre-Investigational New Drug meeting with the U.S. Food and Drug
Administration (FDA) for its orally active anti-fibrotic lead drug candidate,
PBI-4050.
Kingsway Arms Retirement Residences Inc. (TSXV:
KWA), meanwhile, reported that it will pay a special dividend of $0.055 per
share (return of capital distribution) to shareholders of record as at the
close of business on October 7, 2015. Kingsway Arms stock moved up 36% to
$0.075 following the announcement.
Finally, Naturally Splendid Enterprises Ltd. (TSXV:
NSP) shares jumped 13% to $0.225 after the biotechnology company announced that
three additional custom formulated, flavoured hemp protein blends created by
Naturally Splendid for Laguna Blends, has received approval from Health
Canada.
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