Sean Mason | February 2, 2016 | SmallCapPower
A grant was a breath of fresh air for a carbon capture play Tuesday, while financial results caused an airline’s shares to lose altitude. Here’s some small stocks making big moves on Tuesday, February 2, 2016 (as of 4 pm EST):
CO2 Solutions Inc. (TSXV: CST) shares jumped 19% to $0.185 on volume of more than 2.3 million shares Tuesday after the enzyme-enabled carbon capture technology provider announced that it has been selected to receive $15 million in the form of a non-refundable grant from the Alberta-based Climate Change and Emissions Management Corporation, which the Company expects will be used towards the commercial deployment of CO2 Solutions’ technology in Alberta at approximately the 300 tonne-CO2/day scale.
As well, shares of WestJet (TSX: WJA) slipped 11% to $16.63 as the Canada-based airline said its adjusted fourth-quarter profit fell to $0.51 a share, missing analyst expectations. The Company also warned that its first-quarter revenue per mile will decline.
NexGen Energy Ltd. (TSXV: NXE), meanwhile, reported the first results from its 30,000 metre winter 2016 drilling program on the Rook I Property in Athabasca Basin, Saskatchewan, in which near continuous off-scale radioactivity was measured over a 27.2 metre section and also featured 5.5 metre measuring a minimum of greater than 61,000 cps. NexGen stock moved up 8% to $0.85 following the announcement.
Finally, Royal Nickel Corporation (TSX: RNX) shares continued to move higher Tuesday, up 11% to $0.21. On Monday, shares of the junior miner gained 19% after the Company announced that it has agreed to acquire both VMS Ventures Inc. as well as privately-held Salt Lake Mining Pty, which owns a low-cost nickel and gold mine in Western Australia.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.
DISCLAIMER
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.
