Sean Mason | January 26, 2016 | SmallCapPower
An oil and gas play gushed on expectations of some much-needed cash Tuesday, while good news from a gold miner did little to win over investors. Here’s some small stocks making big moves on Tuesday, January 26, 2016 (as of 4 pm EST):
Trican Well Service Ltd. (TSX: TCW) shares surged 84% to $1.38 on Tuesday after the provider of services to the oil & gas industry announced that it has agreed to sell its U.S. assets to privately-held Keane Group for a total consideration of US$247 million, $200 million of which will be paid in cash.
As well, shares of Gran Colombia Gold Corp. (TSX: GCM) sank 23% to $0.085 as the precious metals miner said its total gold production for the fourth quarter of 2015 was 30,051 ounces, up 3.5% from the same period last year.
Pivot Technology Solutions, Inc. (TSXV: PTG), meanwhile, reported that it has entered into an arrangement agreement to convert its Common Shares to Preferred Securities with a face value equivalent of $0.70 per Common Share. It will also increase its yearly payout three-fold, representing an annual yield of 12.85%. Pivot Technology stock moved up 4% to $0.55 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.
DISCLAIMER
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.
