Many shareholders of an infrastructure services stock were likely gushing Monday following a rich takeover premium. Here’s some small stocks making big moves on Monday, December 11, 2017 (as of 4 pm EST):
Pure Technologies Ltd. (TSX:PUR), an infrastructure services stock, surged 101% to $8.91 on Monday after announcing that it has agreed to be acquired by Xylem Inc. for C$9.00 per share in cash, representing an enterprise value of C$509 million.
As well, shares of Canamex Gold Corp. (TSXV:CSQ) slid 10% to $0.225 as the gold junior said it has purchased and secured all the historical exploration data generated since the early 1980s on the Silverton Gold Property in Nevada.
ZoomAway Travel Inc. (TSXV:ZMA), meanwhile, reported that it has chosen to use Ethereum to institute its Blockchain integration. ZoomAway Travel stock popped 58% to $0.095 following the announcement.
Finally, Valeura Energy Inc. (TSX:VLE) shares jumped 16% to $3.18 after the oil and gas producer/explorer announced that the second of four planned production tests in the Kesan formation at the Yamalik-1 exploration well in Turkey produced at an average restricted rate of approximately 0.8 million cubic feet per day of natural gas over the final 24 hours.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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Pure Technologies Ltd. (TSX:PUR), an infrastructure services stock, surged 101% to $8.91 on Monday after announcing that it has agreed to be acquired by Xylem Inc. for C$9.00 per share in cash, representing an enterprise value of C$509 million.
