Small
stocks making big moves on Wednesday, April 29, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
GoldQuest Mining Corp. (TSXV:
GQC) shares jumped 7% to $0.165 on volume of more than 3.3 million shares
Wednesday after the gold project developer announced a revised Preliminary
Economic Assessment (PEA) for a proposed underground mine at its 100% owned
Romero and Romero South gold-copper deposits in the Dominican Republic. Highlights
included an after-tax Net Present Value (NPV) of $219 million based on a 6%
discount rate, an after-tax internal rate of return 34%, and life-of-mine all-in
sustaining costs of $572/ounce gold equivalent payable.
As well,
shares of DIVERGENT Energy Services Corp. (TSXV:
DVG) surged 17% to $0.46 as the energy services company said it has
successfully installed and continuously operated its Linear Electric
Submersible Pump, which is used for landing in deviated or horizontal oil wells
and as an alternative to conventional pumpjack installations.
Flinders Resources Limited (TSXV:
FDR), meanwhile, reported a near three times expansion of flake graphite
mineral resources at its Woxna graphite project in Sweden, from 2.8Mt of 10.7%
Cg to 7.7Mt of 9.3% Cg. Flinders Resources stock shot up 16% to $0.32 following
the announcement.
Finally, Intercept Energy Services Inc. (TSXV:
IES) shares gained 100% to $0.04 after the oilfield services firm announced
fourth-quarter net income, before other items, of $0.2 million, up from a net
loss before of $1.6 million for the same period last year.
