Small
stocks making big moves on Thursday, June 11, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
TransGaming Inc. (TSXV:
TNG) shares surged 56% to $0.07 on volume of more than 5.3 million shares Thursday
after the on-demand cloud gaming services provider announced that it had
signed an agreement for NVIDIA to acquire the company’s proprietary cross-platform
portability technology for US$3.75 million.
As well,
shares of CanElson Drilling Inc. (TSX:
CDI) rose 5% to $4.49 as the oilfield services firm said it agreed to be
acquired by Trinidad Drilling Ltd. in a cash and stock transaction valued
at approximately C$505 million.
Argex Titanium Inc. (TSX:
RGX), meanwhile, reported that it will not be proceed with the offering of
Units under short form prospectus disclosed in its press release dated
June 1, 2015. As well, the company will implement a new budgetary plan that
includes cost cutting measures such as termination of employees, reductions in
salaries and suspension of research and development activities allowing
available funds to be specifically allocated to value creating activities. Argex
Titanium stock moved up 19% to $0.16 following the announcement.
