Small
stocks making big moves on Friday, June 5, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Canexus Corporation (TSX:
CUS) shares powered 13% higher to $1.62 on volume of more than 3.6 million
shares Friday after the producer of sodium chlorate and chlor-alkali products
largely for the pulp and paper and water treatment industries announced
that it has entered into an agreement to sell its North American Terminal
Operations in Bruderheim, Alberta to Cenovus Energy Inc. for $75 million in
cash.
As well,
shares of Delphi Energy Corp. (TSX:
DEE) rose 6% to $1.36 as the Western Canadian oil and gas producer/explorer
said it has agreed to sell its working interests in producing properties,
facilities and infrastructure and undeveloped land in the greater Wapiti area
for $50.0 million.
DNI Metals (TSXV:
DNI), meanwhile, reported it has increased the non-brokered private
placement announced May 27, 2015 to $900,000 or 6,923,076 units to accommodate
demand. Its stock moved up 15% to $0.15 following the announcement.
