Small
stocks making big moves on Friday, May 1, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
SoMedia Networks (TSXV: VID) shares jumped 5% to $0.305 on Friday after the developer
of cloud-based video content production platforms announced that its fiscal
2014 sales surged 125% to $970,654, while its total operating costs decreased 24%
from 2013.
As well,
shares of Mawson West Limited (TSX:
MWE) slid 25% to $0.045 on volume of more than 2.1 million shares as the copper and silver-focused resource company said it has
completed and obtained a US$15 million unsecured loan from Galena Private
Equity Resources Fund LP. The loan will bear an interest rate of 12.0% per
annum, payable in arrears on a quarterly basis.
Indico Resources Ltd. (TSXV:
IDI), meanwhile, reported that it has entered into an interim agreement with
Aruntani S.A.C. with respect to the development of the Ocaña Copper Project in
Peru. Under the terms of the partnership, Aruntani will own 70% of the Ocaña
Project after completion of expenditures totaling US$18.6 million, with Indico
owning the remaining 30%. Indico Resources stock popped 200% to $0.075.
