Small
stocks making big moves on Wednesday, February 4, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Equitas Resources Corp. (TSXV: EQT)
shares shot up 36% to $0.075 on volume of more than 1.7 million shares
Wednesday after the nickel explorer said it has begun its nickel exploration
program on the Garland Property in Labrador, which is located less than 30 kms
southeast of the Voisey’s Bay Mine. The company added that the work will
encompass a VTEM survey with a follow-up field program.
As well,
shares of LGX Oil + Gas Inc. (TSXV: OIL)
slid 29% to $0.125 as the junior oil and natural gas company reported completion
results from its late 2014 southern Alberta drilling activity saying, among
other things, that “the average and exit rates of production were below
previous guidance due to delays in completion timing as the 2014 wells were
drilled from the same pad and completion operations could not begin until both
wells were drilled.”
Med BioGene Inc. (TSXV: MBI),
meanwhile, provided a shareholder update, highlights of which included the
anticipated initial commercialization of GeneFX Lung in the U.S., Canada, and
possibly the UK before the end of Q4 2015. As well, the company said it has reduced
its annual burn rate to $60,000 to $70,000 compared to approximately $400,000
in 2013, a reduction of about 80%. Med BioGene stock popped 43% to $0.05 following
the announcement.
Finally,
theScore, Inc. (TSXV: SCR)
shares jumped 14% to $0.66 after the online sports media property announced
that it has become “the first major sports media company to launch a dedicated
mobile app for eSports.”
