Sean Mason | December 14, 2015 |
SmallCapPower
Good news
from one gold explorer was a breath of fresh air Monday, while a failed
acquisition sank an energy play. Here’s some small stocks making big moves on Monday,
December 14, 2015 (as of 4 pm EST):
First Americas Gold Corporation (TSXV:
FAC) shares jumped as much as 19% before closing up 3% to $0.19 on Monday after the gold explorer/developer
announced that it is well capitalized and will be actively seeking and
evaluating opportunities for advanced stage gold assets in efforts to expand
its project portfolio while maximizing value for its shareholders.
As well,
shares of Mart Resources, Inc. (TSX:
MMT) sank 31% to $0.045 as the Nigeria-focused oil and gas producer said that,
due to prevailing market and industry conditions, it has mutually agreed to
terminate the arrangement agreement that would have seen Delta Oil Nigeria B.V.
acquire all the issued and outstanding shares of Mart.
KGIC Inc. (TSXV:
LRN), meanwhile, reported that its cash position has now depleted to a
level that will not likely allow it to operate beyond December 31, 2015,
without additional financing. KGIC stock plunged 88% to $0.005 following the
announcement.
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