Diamond Junior Sparkles on Valuation Update: Sean Mason’s Canadian Small Cap Market Movers

Sean Mason | October 22, 2015 |
SmallCapPower

Diamond
values were a shareholder’s best friend Thursday while some speculators reacted
positively to uranium assay results. Here’s some small stocks making big moves
on Thursday, October 22, 2015 (as of 4 pm EST):

Shore Gold Inc. (TSX:
SGF
) shares jumped as much as 22% before closing up 6% to $0.19 on Thursday after the resource project
developer announced an updated valuation of the diamond parcels from the Star-Orion
South Diamond Project in Saskatchewan, which showed increases of between 31%
and 125% above the March 2008 prices.  

As well,
shares of Falcon Oil & Gas Ltd.
(TSXV:
FO
) surged 27% to $0.14 as the international oil & gas company said that
drilling operations have successfully concluded on the Amungee NW-1 well in
Australia. The company called the results encountered “very encouraging,” which
included a gross interval of over 500 meters shale gas sequence with net pay
exceeding 150 meters.

NexGen Energy Ltd. (TSXV:
NXE
), meanwhile, reported assay results for six angled holes from the
on-going summer 2015 drilling program on its 100% owned Rook I property in Saskatchewan’s
Athabasca Basin, which included 35.5 metres at 9.72% U3O8. NexGen Energy
stock moved up 1.4% to $0.72 following the announcement.

Finally, VidWrx Inc. (TSXV: VID) shares rose 6% to $0.09 after the pioneer of
scalable cloud-based video production solutions announced the appointment of
Goodwin Gibson to its Board of Directors, effective October 20, 2015. Mr.
Gibson spent 13 years with the Cossette Communications Group and previously
served as President of MacLaren MRM Worldwide. For more insight into VidWrx please see the Ubika Research
report HERE >>

Disclosure: VidWrx is a client company of
SmallCapPower/Ubika Research and has paid a fee for coverage.

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