Small
stocks making big moves on Friday, April 10, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Soltoro Ltd. (TSXV:
SOL) shares powered 41% higher to $0.295 on Friday after the precious
metals explorer announced that it agreed to be acquired by Agnico Eagle Mines Limited (TSX:
AEM) for $0.325 per share in cash and stock, or a total consideration of approximately
C$31.6 million.
As well,
shares of Tethys Petroleum Limited (TSX:
TPL) plunged 46% to $0.06 as the central Asia focused oil and gas
producer/explorer said its inability to access sufficient capital for its
operations could have a material adverse impact on its financial condition,
results of operations, prospects and ability to continue as a going
concern.
Cara Operations Limited (TSX: CAO) shares surged 43% to $32.83 on volume of more than 3.1 million shares Friday after Canada’s largest full-service restaurant company made its TSX debut. Cara raised approximately $200 million at a price of $23 per share. The company’s well-known brands include Swiss Chalet and Harvey’s.
Astur Gold Corp. (TSXV:
AST), meanwhile, reported that its wholly-owned subsidiary Exploraciones
Mineras del Cantábrico S.A. (EMC) has filed a lawsuit before the Asturias
Superior Court of Justice, challenging the recent resolution of the Ministry of
Economy and Employment of the Principality of Asturias in Spain, which did not
grant approval for the proposed underground mine submitted by EMC for its
Salave Gold Project. Astur Gold stock moved up 67% to $0.025 following the
announcement.
Finally, Resverlogix Corp. (TSX:
RVX) shares continued to move higher Friday, up 30% to $2.72. Its stock
price has soared 63% since the biotech company announced on Tuesday that it has
received two China patent approvals covering RVX-208, a small molecule
selective BET bromodomain inhibitor that can turn disease-causing genes off,
returning them to a healthier state.
