Small
stocks making big moves on Friday, April 24, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Mega Precious Metals Inc. (TSXV:
MGP) shares surged 100% to $0.09 on volume of more than 10.4 million
shares Friday after the gold project developer said it has agreed to be
acquired by Yamana Gold Inc. (TSX:
YRI). Mega Precious Metals shareholders will receive 0.02092 of a Yamana
share and cash of C$0.001 for each Mega share held, for a total consideration of
approximately $17.5 million.
As well,
shares of Pivot Technology Solutions, Inc. (TSX: PTG) slipped 17% to $0.40 as the provider of computing
and communication infrastructure solutions warned that it will see
slower than usual activity in Q1 2015, “softer than seasonal effects alone
would explain.”
Poydras Gaming Finance Corp. (TSXV:
PYD) stock, meanwhile, popped 26% to $0.12 after GC Global Capital Corp.
revealed that it has increased its ownership stake in Poydras to 17.6%. Poydras
Gaming is focused on leasing and financing gaming machines and related capital
expenditures for existing casinos, new casino developments and gaming machine
suppliers in the United States.
Finally,
Zaio
Corporation (TSXV:
ZAO) shares rose 9% to $0.29 after the provider of real-time access to
certified residential property appraisals announced record unaudited pro forma
revenue of more than US$3.7 million for March 2015.
