Small
stocks making big moves on Monday, July 13, 2015 (as of 4 pm EST), as reported
by Sean Mason, SmallCapPower.com
Tethys Petroleum Limited (TSX: TPL) shares surged 23% to $0.19 on volume of more
than 1.7 million shares Monday after the oil and gas producer/explorer with activities
in Central Asia and the Caspian Region acknowledged the announcement
made by Nostrum Oil & Gas PLC regarding a potential takeover of Tethys, although
no formal bid has been made.
As well,
shares of Home Capital Group Inc. (TSX:
HCG) slid 19% to $34.06 as the provider of residential and
non-residential mortgage lending said its lower than expected mortgage
originations in the first and second quarters of 2015 was the result of the Company
terminating relationships with certain mortgage brokers as well as its continued
conservative approach, which has slowed growth in Home Capital’s residential
mortgage business.
CO2Solutions Inc. (TSXV:
CST), meanwhile, provided an update on its demonstration project involving CO2 capture
operations with the company’s proprietary enzyme that began on June 19, 2015,
at Salaberry-de-Valleyfield in Québec. During the 500 hours of operation that
have been logged, the unit has “performed in line with design specifications,
and confirmed high expectations in terms of efficiency, no degradation of
enzyme performance, no solvent makeup and no waste products generated.” CO2Solutions
stock moved up 2% to $0.23 following the announcement.
