Sean Mason | December 9, 2015 |
SmallCapPower
An upbeat
patent portfolio valuation sent shares of a tech stock sharply higher Wednesday,
while a property sale lifted a small miner. Here’s some small stocks making big
moves on Wednesday, December 9, 2015 (as of 11:30 am EST):
ViXS Systems Inc. (TSX:
VXS) shares climbed 26% to $0.24 on Wednesday after the media processing
solutions provider announced that an independent valuation of its portfolio of
510 patents and applications estimated a range of value between US$43 million
and $109 million.
As well,
shares of Wi2Wi Corporation (TSXV:
YTY) jumped 21% to $0.085 as the manufacturer of wireless technology
solutions said it has appointed Ramesh Duvvuru as Vice President of
Engineering, Wireless Connectivity, focusing Internet of Things (IoT) and
Machine to Machine (M2M). Mr. Duvvuru has an extensive history of expanding
corporate profitability by leading and delivering technological innovation
while building strategic alliances.
Excellon Resources Inc. (TSX:
EXN), meanwhile, reported that it has sold 100% of its DeSantis Property in
the Porcupine Mining Division in Ogden Township, Ontario, to Oban Mining Corporation in exchange for
850,000 common shares in the capital of Oban. Excellon Resources stock moved up
16% to $0.255 following the announcement.
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