BlackPearl Resources Inc. (TSE:PXX), an energy junior, announced that its Blackrod project has received regulatory and environmental approval
Sean Mason | September 16, 2016 | SmallCapPower
Regulatory approval for an oil sands project pumped up shares of an energy junior Friday. Here’s some small stocks making big moves on Friday, September 16, 2016 (as of 4 pm EST):
BlackPearl Resources Inc. (TSE:PXX) shares jumped 7% to $1.33 on Friday after the energy junior announced that its 80,000 barrel per day commercial development application at Blackrod, located in the Athabasca Oil Sands, has received regulatory and environmental approval from the Alberta Energy Regulator and the Alberta government.
As well, shares of Concordia International Corp. (TSE:CXR) slid 19% to $7.12 as the international pharmaceutical company reaffirmed its full-year 2016 guidance, saying that it believes it has access to sufficient financial resources to manage its liabilities.
Hamilton Thorne Ltd. (CVE:HTL), meanwhile, reported that it completed the acquisition of 100% of the operating assets of Embryotech Laboratories, Inc. for total consideration of about US$7.25 million. Hamilton Thorne estimates this transaction will be accretive to earnings in 2016 and is expected to add over US$5 million of revenue and more than US$1.5 million to EBITDA in calendar year 2017. Hamilton Thorne stock popped 45% to $0.275 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.