A solar
play shone brightly after a technology update, while investors soured on a
small energy stock following a failed acquisition. Here’s some small stocks
making big moves on Tuesday, August 18, 2015 (as of 4 pm EST):
Natcore Technology Inc. (TSXV:
NXT) shares surged 8% to $0.52 on Tuesday after the solar cell developer
announced the development of what it called a “breakthrough” solar cell
structure, which indicates a low-cost configuration that could allow for the
elimination of silver from mass-produced solar cells.
As well,
shares of Mart Resources, Inc.
(TSX:
MMT) slid 29% to $0.205 as the Nigeria-focused oil and gas producer said
that Midwestern Oil and Gas Company Limited has informed the company that it
will not be able to complete the financing necessary to acquire Mart at $0.80
per common share.
Absolute Software Corporation (TSX:
ABT), meanwhile, reported an agreement with Advanced Micro Devices, Inc. to
incorporate its Persistence technology into AMD chip designs. Absolute Software
stock moved up 8% to $8.29 following the announcement.
Finally, Eurocontrol Technics Group Inc. (TSXV:
EUO) shares rose as much as 7% before ending unchanged at $0.15 after the provider of energy security and
authentication technology announced that it has entered into a non-binding
letter of intent with privately-held Swiss company SICPA Security Solutions SA for
the sale of Eurocontrol’s 100% owned subsidiary, Global Fluids International
S.A. Under the terms of the agreement, an initial payment of $16 million will
be received on closing plus a 5% royalty payment on all future GFI contracts, with
a minimum guarantee of $1.5 million per year for six years.
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