Small
stocks making big moves on Tuesday, October 14, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Excellon Resources Inc. (TSX: EXN)
shares shot up 17% to $1.15 on Tuesday after the Mexico-based silver producer
said it is focused on incrementally increasing its daily production throughout
2014, with an initial target of 210 tpd, a 9% increase over 2013. The company added
that its costs are “trending significantly lower.”
As well,
shares of Neptune Technologies &
Bioressources Inc. (TSX: NTB)
slid 8% to $1.61 as the biotechnology company announced that its Q2 consolidated
revenue fell to $2.6 million from $5.4 million, while its net loss widened to $14.9
million compared with a net loss of $5.1 million during the same period last year.
AuRico Gold Inc. (TSX: AUQ),
meanwhile, reported its preliminary third-quarter production results, its ninth
consecutive quarter of record company-wide gold production driven by its Young-Davidson
mine in northern Ontario. The company recorded underground cash costs of $656
per ounce and underground unit costs of $41 per tonne for the period. AuRico
Gold stock moved up 12% to $4.21 following the announcement.
Finally,
Coalspur Mines Limited (TSX: CPT)
shares powered 50% higher to $0.03 after the coal development company announced
that the Alberta Energy Regulator has issued a Mineral Surface Lease (MSL)
pursuant to the Public Lands Act (Alberta) for Phase 1 of its Vista
project in the Alberta. The MSL is the final approval required in order to begin
construction of Vista, which the company describes a large scale, surface
mineable, thermal coal project.
