Water Treatment Stock Flows Higher on Takeover Deal

IWG Technologies Inc. (CVE:IWG), a water treatment stock, surged after agreeing to be acquired

Sean Mason | November 28, 2016 | SmallCapPower

An acquisition agreement pumped up a water treatment stock Monday. Here’s some small stocks making big moves on Monday, November 28, 2016 (as of 4 pm EST):

Water treatment stock IWG Technologies Inc. (CVE:IWG) powered 30% higher to $0.415 on Monday after announcing that it has agreed to be acquired by an investor group that includes BASE Equity Partners for $0.43 in per share in cash.

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As well, shares of Tinkerine Studios Ltd. (CVE:TTD) surged 143% to $0.085 as the manufacturer of 3D printers and software said its third-quarter revenue rose 78% to $826,960, while swinging to a profit of $243,755 in the quarter from a net loss of $138,589 during the same period last year.

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Canada Energy Partners Inc. (CVE:CE), meanwhile, reported that it has entered into an agreement with a major operator in northeast British Columbia to dispose of produced water, which the Company believes will generate net revenues in the next year of $700,000 to $1.9 million, depending on disposal volumes, operating costs, and well performance. Canada Energy Partners stock moved up 350% to $0.045.

Finally, Erdene Resource Development Corp. (TSE:ERD) shares climbed 8% to $0.405 after the resource junior announced the fourth batch of drill results from the Q3/Q4 drill campaign at its 100%-owned Bayan Khundii Gold Project in Mongolia, which included 65 metres of 6.3 g/t gold.

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