Uranium Junior Rises on Assay Results

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NexGen Energy Ltd. (TSE:NXE), a uranium junior, moved up following Arrow hole assay results

Sean Mason | December 20, 2016 | SmallCapPower

Assays from a uranium junior sparked a positive reaction from a few investors Tuesday. Here’s some small stocks making big moves on Tuesday, December 20, 2016 (as of 4 pm EST):

NexGen Energy Ltd. (TSE:NXE) shares gained 5% to $2.23 on Tuesday after the uranium junior announced assay results for the final 10 Arrow holes from the summer drilling program on its 100% owned Rook I property in Saskatchewan’s Athabasca Basin, which included 30.0 metres of 15.07% U3O8.

As well, shares of OrganiGram Holdings Inc. (CVE:OGI) slipped as much as 7% before closing up 2% to $2.94 as the licensed medical marijuana producer said it has engaged CFN Media, a creative agency and media network dedicated to the legal cannabis business, to conduct a 60-day investor and market visibility program beginning on December 20, 2016.

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Imvescor Restaurant Group Inc. (TSE:IRG), meanwhile, reported that it has agreed to acquire Ben & Florentine, a franchisor in the breakfast and lunch category with more than 40 locations across Quebec, Ontario and Manitoba, for a total consideration of approximately $17.7 million payable at closing, with an additional earn-out payment of up to $7.3 million payable in the first quarter of 2018 based upon the achievement of certain financial results. Imvescor Restaurant Group stock moved up 6% to $3.32 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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