Small
stocks making big moves on Friday, May 15, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Belo Sun Mining Corp. (TSX:
BSX) shares climbed 18% to $0.26 on volume of more than 3.4 million shares
Friday after the gold project developer announced that Agnico Eagle Mines Limited (TSX:
AEM) has agreed to acquire a 17.38% stake in the company via a non-brokered
private placement at $0.24 a share.
As well,
shares of Mart Resources, Inc. (TSX:
MMT) slid as much as 14% before ending unchanged at $0.64 as the Nigeria-focused oil and gas producer swung
to a first-quarter net loss of $17.5 million from a profit of $14.5 million
during the same period last year.
Tethys Petroleum Limited (TSX:
TPL), meanwhile, said it has signed and closed a binding agreement for a
US$7.5 million convertible loan facility and disclosed that it has entered into
a limited period of exclusivity with AGR Energy Limited No. 1 to negotiate a
potential larger financing. Tethys Petroleum stock popped 100% to $0.18
following the announcement.
Finally, IBI Group Inc. (TSX:
IBG) shares gained 15% to $2.10 after the integrated architecture,
planning, engineering, and technology firm reported a 211% surge in its first-quarter
net income to $2.5 million.
