Solar Energy Stock Shines Brightly on Acquisition Update

Solar Alliance Energy Inc. (CVE:SAN), a solar energy stock, climbed after announcing that the drafting of final agreements is underway for its acquisition of Aries Solar, LLC

Sean Mason | September 18, 2017 | SmallCapPower

As a big acquisition nears completion, speculation drove a solar energy stock sharply higher Monday. Here’s some small stocks making big moves on Monday, September 18, 2017 (as of 4 pm EST):

Solar Alliance Energy Inc. (TSXV: SAN), a solar energy stock, powered as much as 27% higher before ending up 7% at $0.08 on Monday after announcing that its due diligence has almost been completed and the drafting of final agreements is underway in regards to its previously-announced letter of intent to acquire Aries Solar, LLC.

Related: Four Small Cap Growth Stock Ideas for Do-it-Yourself Investors

As well, shares of GT Gold Corp. (TSXV: GTT) slid 17% to $2.16 as the gold explorer said it has released assays from ongoing drilling at the Saddle gold discovery at its Tatogga property in British Columbia, which included 20.71 metres of 5.84 g/t gold from 161.29 metres.

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Titan Medical Inc. (TSX: TMD), meanwhile, reported the installation of Titan Medical’s SPORT Surgical System at the Florida Hospital Nicholson Center’s training facility in Celebration, Florida. Titan added that this is the first installation in the world for pre-clinical feasibility and validation studies of the SPORT Surgical System, a single port robotic system. Titan Medical stock moved up 16% to $0.22 following the announcement.

Finally, HIVE Blockchain Technologies Ltd. (TSXV: HIVE), formerly Leeta Gold Corp., shares began trading on the TSX Venture Exchange on Monday following the completion of a $16.5 million equity financing and the closing of the acquisition from Genesis Mining of a GPU-based blockchain data centre in Iceland.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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