Sean Mason | November 5, 2015 |
SmallCapPower
Some encouraging
news out of the oil patch gave at least one company a lift Thursday, while a
financing announcement boosted a clean tech stock. Here’s some small stocks
making big moves on Thursday, November 5, 2015 (as of 4 pm EST):
Enerflex Ltd. (TSX:
EFX) shares jumped 9% to $14.05 on Thursday after the supplier of products
and services to the global energy industry announced better than expected Q3
financial results.
As well,
shares of Paramount Resources Ltd. (TSX:
POU) slid 20% to $10.98 as the oil and gas explorer/developer said its third-quarter
operating results were impacted by a scheduled third-party NGLs pipeline outage
that required the majority of its Kaybob area wells to be shut in on October 20,
2015. Paramount added that its 2015 sales volumes are expected to average
approximately 45,000 Boe/d.
St Andrew Goldfields Ltd. (TSX:
SAS), meanwhile, reported it is now able to put the Taylor Mine into commercial
production, which the Company expects will bolster its gold production for 2016
by 40,000-50,000 ounces. St Andrew Goldfields stock moved up 9% to $0.36
following the announcement. See our interview with Eric Sprott, in which he mentions St
Andrew Goldfields >>
Finally, Orbite Technologies Inc. (TSX:
ORT) shares surged 14% to $0.41 after the Canadian clean tech company announced
it has completed a secured debt financing totaling up to C$22 million, which
gives it the necessary funds for the completion and full commissioning of its High-Purity
Alumina plant facility.
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