Small
stocks making big moves on Wednesday, October 22, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Alexandria Minerals Corporation (TSXV: AZX)
shares climbed 13% to $0.045 on volume of more than 1.6 million shares Wednesday
after the junior explorer/developer reported an updated resource estimate for
its 100%-owned Sleepy property in Quebec, which estimates an Inferred resource
totaling 307,350 ounces of gold (uncapped), at a 3 g/t cutoff, double the
number of ounces from the first Resource Estimate released in 2009 and represents
a 60% increase of the average resource grade.
As well,
shares of Sprylogics International Corp.
(TSXV: SPY)
surged 32% to $0.35 as the technology provider of local mobile search and
messaging solutions for consumers and businesses announced that it has signed
an affiliate agreement with Groupon
(NASDAQ: GRPN).
MBAC Fertilizer Corp. (TSX: MBC),
meanwhile, said it has signed final agreements with its senior lenders to
extend the maturity of its loans and defer related interest and principal
repayments for a period of up to two years. MBAC is focused on becoming a producer
of phosphate fertilizers and related products in the Brazilian market. Its
stock skyrocketed 115% to $0.14 following the announcement.
Finally, TSO3 Inc.
(TSX:
TOS) shares rose 18% $1.31 after the developer of sterilization processes
for heat-sensitive medical devices and related equipment announced that
after a series of communications with U.S. Regulatory Authorities, the company
has submitted revised labeling for the sterilizer, and is now finalizing
labeling for accessory devices such as the Biological and Chemical Indicators
used as part of the sterilization system.
