Small
stocks making big moves on Wednesday, July 8, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Enerdynamic Hybrid Technologies Corp. (TSXV:
EHT) shares climbed 10% to $0.66 on Wednesday after the provider of sustainable
energy solutions said it has agreed to acquire 100% of EVIA Finance S.A.R.L., a
global manufacturer and installer of patented modular housing units, container
units and truck/trailer units. The total acquisition value is expected to be
approximately C$46.7 million, $15.2 million of which will be cash and $31.2
million is payable by the issuance of 35 million EHT common shares at a deemed
price of $0.90 per share. EVIA recorded about C$28 million in consolidated
revenue and C$9 million of EBITDA (Unaudited) in 2014.
As well,
shares of Melior Resources Inc. (TSXV:
MLR) slid 29% to $0.06 as the ilmenite and apatite miner announced that, in
light of the current market conditions, it has decided to implement a reduced
operating time strategy at its Goondicum mine in Australia, which will be
reconfigured to 50% of full-capacity by removing seven 12-hours operating
shifts from the weekly production schedule.
Taseko Mines Limited (TSX:
TKO), meanwhile, reported second quarter 2015 production of 39.8 million
pounds of copper and 479,000 pounds of molybdenum from the Gibraltar Mine, which
represents increases of 40% and 18%, respectively, over the first quarter of
2015. Taseko stock moved up as much as 8% before closing down 5% to $0.60 following the announcement.
