Small
stocks making big moves on Monday, January 12, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Fission Uranium Corp. (TSX: FCU)
shares climbed 12% to $1.13 on volume of more than 7.7 million shares Monday
after the uranium project developer reported results of an independent resource
estimate for the R00E and R780E zones at its 100% owned Patterson Lake South
(PLS) property in Saskatchewan, which showed an Indicated resource of 79.61
million pounds U3O8 plus an Inferred resource of 25.88 million pounds U3O8,
the majority of which has been defined from approximately 60 metres to 250 metres
depth.
As well,
shares of Gran Colombia Gold Corp. (TSX: GCM)
plunged 35% to $0.39 as the gold project developer announced that it has missed
the interest payment due December 31, 2014 on its Senior Unsecured
Silver-Linked Notes due 2018, and due to this missed payment, as of January 10,
2015 the company will default under the terms of the Silver Note Indenture.
Tekmira Pharmaceuticals Corporation (TSX: TKM),
meanwhile, said it would buy privately-held OnCore Biopharma, which is
developing an all-oral cure for patients suffering from chronic hepatitis
B virus (HBV) infection. Financial details were not disclosed but Tekmira added
that the implied market value of the combined company would be approximately US$750
million. Tekmira is a developer of RNA interference (RNAi) therapeutics. Tekmira
Pharmaceuticals stock popped 56% to $29.38 following the announcement.
Finally, Declan Resources Inc. (TSXV: LAN)
shares jumped 75% to $0.035 after the uranium explorer reported that it has
begun field work at its wholly-owned Davidson River Property, located about
between 18 and 38 kilometres due west of Fission Uranium’s Patterson Lake South
uranium discovery (PLS).
