Sean Mason | November 3, 2015 |
SmallCapPower
A WiFi
play made a connection with more than a few investors Tuesday, while a junior
gold stock plummeted following a suspension. Here’s some small stocks making
big moves on Tuesday, November 3, 2015 (as of 4 pm EST):
Edgewater Wireless Systems Inc. (TSXV:
YFI) shares jumped 15% to $0.19 on Tuesday after the manufacturer of WiFi3 technology
for high-density WiFi in carrier, large enterprise and public venue
applications announced the launch of the first ever IOT platform utilizing WiFi3
technology. The Company added that IOTair is the first IOT connection point
designed specifically to handle the 100s of devices that will dominate IOT
network deployments.
As well,
shares of Rubicon Minerals Corporation (TSX:
RMX) plunged 55% to $0.26 on volume of more than 20.8 million shares as the
emerging gold producer said it is moving to suspend underground activities at
the Phoenix Gold Project in Red Lake, Ontario, while it enhances its geological
model of the F2 Gold Deposit and develops a project implementation plan.
Lightstream Resources Ltd. (TSX:
LTS), meanwhile, provided an update to its annual guidance, expecting
funds flow from operations to be at the upper end of the $175 million to $195
million range. Lightstream Resources stock moved up 21% to $0.43 following the announcement.
Finally, Timmins Gold Corp. (TSX:
TMM) shares slipped 11% to $0.25 after the gold miner recorded a third-quarter
impairment charge of $226.5 million due a decrease in the spot gold price
and subsequent changes to the San Francisco mine plan, among other factors.
For other junior gold stock investing ideas please see the
Ubika Gold 20 reports here >>
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