Cleantech Junior Soars on Takeover Agreement

STT Enviro Corp. (CVE:STT), a cleantech junior, jumped after agreeing to be acquired by Carmeuse Lime (Canada) Limited

Sean Mason | March 27, 2017 | SmallCapPower

An acquisition agreement powered shares of a cleantech junior sharply higher Monday. Here’s some small stocks making big moves on Monday, March 27, 2017 (as of 4 pm EST):

STT Enviro Corp. (TSXV: STT) shares surged 53% to $0.305 on Monday after the cleantech junior announced that it has agreed to be acquired by Carmeuse Lime (Canada) Limited for $0.315 per common share in cash.

As well, shares of Dundee Energy Limited (TSX: DEN) plunged 63% to $0.015 as the oil and natural gas company said that the arbitral tribunal of the International Chamber of Commerce rendered its decision related to the Castor Project in Spain, denying the claim made by Castor UGS Limited Partnership.

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NioCorp Developments Ltd. (TSX: NB), meanwhile, reported that it has successfully produced high-purity 99.9% commercial grade Scandium Trioxide from its Elk Creek, Nebraska resource and that it has finalized plans for the proposed Scandium purification circuit to be used at its Elk Creek Superalloy Materials Project. NioCorp Developments stock moved up 7% to $0.77 following the announcement.

Finally, Grande West Transportation Group Inc. (TSXV: BUS) shares gained 11% to $3.19 after the Canadian bus manufacturer announced an order from the Metropolitan Atlanta Rapid Transit Authority for 10 Vicinity buses for operation in their transit system.

Related: “Immense Growth Trajectory” is Possible for Grande West Transportation Group

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