Junior Energy Stock Surges on Production Forecast: Canadian Daily Small/Micro Cap Market Movers

Published:

Small
stocks making big moves on Thursday, February 12, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com

Artek Exploration Ltd. (TSX: RTK)
shares shot up 18% to $1.61 on Thursday after the oil and gas producer/explorer
said it is currently forecasting average production of 5,000 boe/d to
5,200 boe/d during the first quarter of 2015, a 23% increase over the same
period last year.  

As well,
shares of WesternOne Inc. (TSX: WEQ)
sank 34% to $1.48 as the construction and infrastructure services provider
said it is suspending its monthly dividend, citing the fact that “a potentially
protracted period of lower crude oil prices have created lingering uncertainty
across many business areas in which WesternOne operates.”

Snipp Interactive Inc. (TSXV: SPN),
meanwhile, reported that it has signed a three-year Master Services Agreement
with the Healthcare Products Division of a leading multinational Pharmaceutical
and Consumer Packaged Goods company. Financial details were not disclosed.
Snipp is a provider of mobile marketing solutions. Its stock moved up 11% to
$0.80 following the announcement.

Finally, Merus Labs International Inc. (TSX: MSL)
shares climbed 9% to $2.30 on volume of more than 2.6 million shares after
the specialty pharmaceutical company reported a 70% surge in its
first-quarter net revenue to $10.6 million, while its Adjusted EBITDA for the
period increased 166% to $7.6 million. 

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