Small
stocks making big moves on Tuesday, July 14, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
TIO Networks Corp. (TSXV:
TNC) shares shot up 17% to $1.06 on Tuesday after the cloud-based bill
payment processor provider said it has agreed to acquire Softgate Systems, Inc.,
a provider of consumer retail bill payment solutions, in a cash-and-stock deal
valued at approximately US$31 million. TIO added that the acquisition creates
the largest North American provider of walk-in bill payment services with a
pro-forma revenue run-rate of more than C$100 million in revenues and CAD$10
million in EBITDA.
As well,
shares of Primero Mining Corp. (TSX:
P) slipped 8% to $4.43 as the precious metals miner announced that as a
result of a delay in exports from its San Dimas mine in Mexico, approximately
880,000 ounces of silver were not sold during the second quarter of 2015,
representing about $6.5 million in delayed revenue.
Inspira Financial Inc. (TSXV:
LND) stock, meanwhile, powered 53% higher to $0.23 on volume of more than
39.9 million shares in its stock market debut Tuesday. Inspira provides
financial services to small healthcare providers across the United States by
offering revolving lines of credit and loans ranging from $250,000 to $12.5
million, which the company expects will generate yields of up to 20% annually.
