Sean Mason | December 10, 2015 |
SmallCapPower
Expectations
of record quarterly revenue lifted a network solutions stock Thursday, while a
few investors soured over a dividend suspension. Here’s some small stocks
making big moves on Thursday, December 10, 2015 (as of 4 pm EST):
Sandvine (TSX:
SVC) shares jumped 9% to $3.18 on Thursday after the provider of
intelligent network policy control solutions for fixed and mobile operators
announced that it expects revenue for its fourth quarter to be approximately
$35 million, representing a record quarter for the Company.
As well,
shares of Twin Butte Energy Ltd. (TSX:
TBE) slid 29% to $0.125 as the intermediate oil and gas company said it will
be suspending its dividend and has initiated a strategic review to enhance
shareholder value, which could include the sale of some, or all, of its assets.
Avanti Energy Inc. (TSXV:
AVN), meanwhile, reported that its Italian subsidiary CMI Energia S.p.A has
signed a long-term gas sales agreement with Shell Energy Europe Limited for its
future gas production in Italy. Avanti Energy stock moved up 38% to $0.11
following the announcement.
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