Small
stocks making big moves on Thursday, November 13, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Carlisle Goldfields Limited (TSX: CGJ)
shares surged 33% to $0.06 on volume of more than 13.6 million shares Thursday
after Reuters reported that Russian
gold miner Nord Gold had requested consent to make a C$27.3 million takeover
offer to shareholders of the Canadian-based gold exploration and development
company.
As well,
shares of Yangarra Resources Ltd. (TSX: YGR)
slid 20% to $1.60 as the Western Canadian oil and gas junior announced
that production during its third quarter continued to be negatively affected by
third party restrictions as well as the below type curve results from a two
well Glauc oil pad. It also said its operating costs rose 18% year over
year.
Nuvo Research Inc. (TSX: NRI),
meanwhile, said it has reacquired Pennsaid 2% marketing rights to South America,
Central America, South Africa and Israel from Paladin Labs Inc. for non-cash
consideration. The specialty pharmaceutical company added that it now owns all
ex-U.S. Pennsaid 2% rights and will be seeking a partner or partners to market
Pennsaid 2% internationally. Nuvo Research stock popped 12% to $6.80 following
the announcement.
Finally, Integra Gold Corp. (TSXV: ICG)
shares shot up 9% to $0.18 after the gold project developer reported that
the Canadian Environmental Assessment Agency has informed the company that it
will not be required to file a Federal Environmental Assessment, also known as
an Environmental Impact Study, for its combined Sigma-Lamaque Mine and Mill
Complex and the Lamaque South Project in Québec.
