Small
stocks making big moves on Monday, November 3, 2014 (as of 12 pm EST), as
reported by Sean Mason, SmallCapPower.com
Duluth Metals Limited (TSX: DM)
shares soared 479% to $0.405 on volume of more than 10.2 million shares Monday
after the copper, nickel and platinum group metal deposits developer said it
has agreed to be acquired by Chilean company Antofagasta PLC at a price of $0.45
per share in cash, or a total consideration of $96 million.
As well,
shares of Wallbridge Mining Company
Limited (TSX: WM)
shot up 56% to $0.065 on more than 2.4 million shares traded as the polymetallic
miner announced that it has also agreed to sell half of its 10,150,121 Duluth Metals
shares to Antofagasta at a price of $0.45 per share for total gross proceeds of
$2,283,777.45.
Claude Resources Inc. (TSX: CRJ),
meanwhile, reported a third-quarter net profit of $0.04 per share, compared with
a net loss of $0.19 per share during the same period last year. The gold miner
also increased its total 2014 gold production forecast at the Seabee Gold
Operation in Saskatchewan to 61,000-64,000 ounces from 50,000-54,000 ounces previously.
Claude Resources stock popped 18% to $0.26 following the announcement.
Finally, Glenmark Capital Corp. (TSXV: GLM)
shares climbed 18% to $0.52 after the junior explorer announced that it has
completed a site visit to its Key Lake Road uranium project in the Athabasca
Basin region of Saskatchewan. A total of eight radioactive samples were taken
and submitted to the assay lab with results expected “in the near term.”
