Small
stocks making big moves on Wednesday, October 15, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
EMC Metals Corp. (TSX: EMC)
shares climbed as much as 11% before closing up 5% to $0.10 on Wednesday after the resource junior said
it has received a Preliminary Economic Assessment (PEA) on its 100% owned
Nyngan Scandium Project located in New South Wales Australia, which showed a
capital cost estimate for the project of US$77.4 million and a Constant Dollar
IRR of 40.6%.
As well,
shares of theScore, Inc. (TSXV: SCR)
slipped as much as 5% before ending up 2% at $0.32 on volume of more than 1.9 million shares as the
mobile-first sports broadcaster announced that its fiscal 2014 revenue surged
47% to $7.8 million, while its EBITDA loss for the year increased to $8.4
million from $8.3 million.
Banro Corporation (TSX: BAA),
meanwhile, reported that it is progressing towards finalizing the definitive
agreements with Gold Holding Ltd. for the two gold sale transactions to raise
US$121 million in financing for Banro, the first such transaction for US$41
million relating to the Twangiza mine and the second transaction for US$80
million relating to the Namoya mine. Banro stock popped 9% to $0.175 following
the announcement.
Finally,
Crocodile Gold Corp. (TSX: CRK)
shares rose 11% to $0.21 after the Canadian gold miner operating in Australia
increased its gold production guidance for the year by 10% to 220,000-225,000
ounces.
