Sean Mason | October 30, 2015 |
SmallCapPower
Heat
recovery sparked shares of a small sustainability name Friday while a resource
junior suffered following a suspension announcement. Here’s some small stocks
making big moves on Friday, October 30, 2015 (as of 4 pm EST):
Thermal Energy International Inc. (TSXV: TMG) shares climbed 33% to $0.04 on Friday after the global
provider of energy efficiency solutions to the industrial, commercial and
institutional sectors announced that it has been engaged by a group of
hospitals for a new multi-site project valued at about $1.5 million. The project
includes the installation of two heat recovery systems and the Company’s
venturi orifice designed GEM steam traps, which is expected to be completed and
revenue earned over the next six months.
As well,
shares of Golden Minerals Company (TSX:
AUM) slid 21% to $0.355 as the resource projects developer said it will be suspending
mining and processing activities at the Velardena mine and sulfide mill in
Mexico during the first half of November 2015, due to continued low precious
metals prices and lower than planned mill feed grades at the sulfide plant.
DiaMedica Inc. (TSXV: DMA), meanwhile, reported the appointment of Ed Rady
as the Company’s Chief Commercial Advisor. Mr. Rady is the former CEO of
Publicis Healthcare Communications Group, the world’s largest healthcare
communications network. DiaMedica stock moved up 44% to $0.13 following the announcement.
Finally, Tellza Communications Inc. (TSX:
TEL) shares rose 11% to $0.10 after the communications company announced that
its senior lender has agreed to increase its credit facility to $6.5 million
from $5 million.
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