Stockhouse Canadian Small and Micro-cap Stock Report for Monday, March 19, 2012
TORONTO (SHfn) – First Uranium Corporation (TSX: T.FIU, Stock Forum) shares climbed as much as 15% to 15.5 cents on more than one million shares traded Monday after the micro cap miner said it has entered into a binding letter agreement providing for the sale of First Uranium Limited, a wholly-owned subsidiary of the company which owns all of the shares of Ezulwini Mining Company Limited, to Gold One International.
As well, shares of Catch the Wind (TSX: V.CTW, Stock Forum) added as much as 13% before slipping 10% to close at 13.5 cents as the provider of optical, electronic and mechanical products announced the successful completion of the transfer of the Vindicator Optical Control Systems (OCS) into volume manufacturing.
Cardiome Pharma (TSX: T.COM, Stock Forum), meanwhile, reported that Merck has communicated to the company their decision to discontinue further development of the oral formulation of vernakalant. The decision was based on Merck's assessment of the regulatory environment and projected development timeline, according to Cardiome. Cardiome Pharma stock plunged 54% to 88 cents.
And, Mood Media (TSX: T.MM, Stock Forum) Monday said it has signed an agreement to acquire DMX Holdings, Inc. for US$86.1 million in cash including net debt repaid on closing, subject to certain adjustments for working capital. The equity value of the transaction will be approximately US$53.8 million. Mood Media shares rose 12% to $3.71 on volume of more than 1.1 million shares.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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