Ovivo Inc. (TSE:OVI.A), a water treatment stock, gushed after agreeing to be acquired by SKion GmbH
Sean Mason | July 13, 2016 | SmallCapPower
A water treatment stock made a big splash on Wednesday, while a few investors soured on a recapitalization plan. Here’s some small stocks making big moves on Wednesday, July 13, 2016 (as of 4 pm EST):
Water treatment stock Ovivo Inc. (TSE:OVI.A) shares surged 28% to $3.98 on Wednesday after the provider of equipment for the treatment of water and wastewater announced that it has agreed to be acquired by SKion GmbH for a purchase price of $4.00 per share in cash.
Did you know that Ovivo was a Top Pick of Selective Asset Management President Bob McWhirter less than one month ago? Find out more by watching our interview with him here >>
As well, shares of Lightstream Resources Ltd. (TSE:LTS) slipped 10% to $0.18 as the oil and gas producer/explorer said it has proposed a recapitalization plan that it expects will reduce its overall debt by approximately US$904 million.
Mesa Exploration Corp. (CVE:MSA), meanwhile, reported that it has completed the first phase shallow auger brine sampling program on its 100% owned Sal Rica lithium project in Utah, with 11 brine samples yielding lithium concentrations as high as 80 ppm lithium, averaging 66.4 ppm lithium. Mesa Exploration stock popped 136% to $0.165 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
DISCLAIMER
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.
