Sean Mason | March 24, 2016 | SmallCapPower
A ‘green’ bus maker got some investor love Thursday, while guidance weakened a healthcare play. Here’s some small stocks making big moves on Thursday, March 24, 2016 (as of 4 pm EST):
New Flyer Industries Inc. (TSX: NFI) shares rose 4% to $33.20 on Thursday after the transit bus and motor coach manufacturer and parts distributor announced that its fiscal 2015 earnings per share increased to $0.97 from $0.48 in 2014. The Company added that it will increase its annual dividend 12.9% to C$0.70 per common share.
As well, shares of Concordia Healthcare Corp. (TSX: CXR) slipped 13% to $34.99 as the international pharmaceutical company said it expects revenues of $1.02 billion to $1.06 billion as well as adjusted net income of $330 million to $355 million during fiscal 2016.
Intrinsyc Technologies Corporation (TSX: ITC), meanwhile, reported fiscal 2015 revenue that increased 25% to US$12.5 million, while swinging to a profit of US$722,773 for the year. Intrinsyc Technologies stock moved up 15% to $1.47 following the announcement.
Finally, PRD Energy Inc. (TSXV: PRD) shares jumped 9% to $0.06 after the developer of oil and gas resources in Germany announced that it has discussed the idea of returning capital to its shareholders followed by the voluntary liquidation and dissolution of the Company.
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