Financial Services Stock Cashes In On Acquisition

DirectCash Payments Inc. (TSE:DCI), a financial services stock, climbed after agreeing to be acquired by Cardtronics plc

Sean Mason | October 3, 2016 | SmallCapPower

A takeover agreement caused a financial services stock to surge Monday. Here’s some small stocks making big moves on Monday, October 3, 2016 (as of 4 pm EST):

DirectCash Payments Inc. (TSE:DCI) shares shot up 48% to $18.91 on Monday after the financial services stock and ATM services provider announced that it has agreed to be acquired by Cardtronics plc for a purchase price of C$19.00 per share in cash.

As well, shares of Spectral Medical Inc. (TSE:EDT) plunged 85% to $0.24 as the biopharma company said its Phase III pivotal trial involving patients with a high multiple organ dysfunction did not statistically achieve its primary end point target of absolute reduction in mortality at 28 days.

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Jayden Resources Inc. (CVE:JDN), meanwhile, reported that it has closed the non-brokered private placement announced on September 6, 2016, and that Eric Sprott now holds approximately 15% of the issued and outstanding common shares of the Company on an undiluted basis. Jayden Resources stock moved up 14% to $0.21 following the announcement.

Finally, PyroGenesis Canada Inc. (CVE:PYR) shares rose 10% to $0.22 after the manufacturer of plasma waste-to-energy systems and plasma torch products announced that it has now signed additional military contracts totaling over US$1.3 million, and since June 30, 2016, has signed contracts in excess of C$11.2 million.

To find out more about PyroGenesis Canada Inc., please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from PyroGenesis Canada to provide analyst research coverage. For full disclosure please visit here >  

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