Fantasy Aces Daily Fantasy Sports Corp. (CVE:FAS), a gaming stock, rolled higher after announcing a jump in revenue
Sean Mason | September 20, 2016 | SmallCapPower
Surging revenue was great news for a gaming stock Tuesday. Here’s some small stocks making big moves on Tuesday, September 20, 2016 (as of 4 pm EST):
Fantasy Aces Daily Fantasy Sports Corp. (CVE:FAS) shares surged 15% to $0.075 on Tuesday after the provider of skill-based fantasy sports games announced that it has received a temporary permit to allow all residents in the state of New York to play on FantasyAces’ gaming platform. The Company added that its second-quarter gross revenue surged 280% from the same period last year to $514,984, while its overlay expense as a percentage of gross revenue was only 28% in July and August of 2016, a reduction from 88% in the same two months of 2015.
As well, shares of Anaconda Mining Inc. (TSE:ANX) gained 6% to $0.095 as the gold explorer said recent diamond drilling at its Point Rousse Project’s Argyle Prospect in Newfoundland intersected gold mineralization in eight of the first 10 holes, which included an intersection of 6.09 grams per tonne (g/t) over 8.9 metres.
Fiore Exploration Ltd. (CVE:F), meanwhile, reported the closing of its non-brokered private placement of $11 million at a price of $0.55 per share, one million shares of which are being purchased by Frank Giustra. Fiore Exploration stock moved up 19% to $0.75 following the announcement.
In addition, shares of Patient Home Monitoring Corp. (CVE:PHM) powered 22% higher to $0.225 as its Board of Directors said it has approved plans to separate into two companies traded on the TSX Venture Exchange, Viemed and Apparo Home Care, Corp. Shareholders of PHM will own one common share in the capital of each of Viemed and Apparo for each one PHM share currently held.
Related: Patient Home Monitoring (CVE:PHM) – From Darling to Dust, But Could Times Be Changing?
Finally, Electrovaya Inc. (TSE:EFL) shares gained 8% to $3.79 after the manufacturer of Lithium Ion Super Polymer batteries, battery systems, and battery-related products for energy storage and clean electric transportation announced that it has signed a Service Agreement with a NYSE Fortune 1000 OEM (Original Equipment Manufacturer) for the design, development and manufacture of battery modules for a range of the OEM’s electro-mobility products.
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