Sean Mason | January 27, 2016 | SmallCapPower
A semiconductor play moved higher on a manufacturing services deal Wednesday, while a financing weighed on a uranium miner. Here’s some small stocks making big moves on Wednesday, January 27, 2016 (as of 4 pm EST):
POET Technologies Inc. (TSXV: PTK) shares rose 8% to $0.94 on Wednesday after the developer of opto-electronics fabrication processes for the semiconductor industry announced that it has achieved what it call “a significant milestone” in its lab-to-fab transition with the signing of a manufacturing services agreement with Wavetek Microelectronics Corporation.
See IBK Capital Corp. CEO Michael White’s insight on POET here >>
As well, shares of Ur-Energy Inc. (TSX: URE) slipped 12% to $0.76 as the uranium miner said it has entered into an agreement with a syndicate of investment dealers for a bought-deal financing consisting of 12 million common shares of Ur-Energy at a purchase price of US$0.50 per share, for total gross proceeds of US$6 million.
Kootenay Silver Inc. (TSXV: KTN), meanwhile, reported results from the 2015 drill program conducted under an option with partner Theia Resources on the 2x’s Fred property in British Columbia. The Company added that new quartz vein exposures discovered during the drill program extended the vein system to an area of 3.0 by 1.4 kilometers. Kootenay Silver stock moved up as much as 25% before ending unchanged at $0.20 following the announcement.
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