A well-liked gold stock got a little more love Thursday, while an executive departure wounded a healthcare stock. Here’s some small stocks making big moves on Thursday, January 7, 2016 (as of 11:30 am EST):
Kaminak Gold Corporation (TSXV: KAM) shares rose 7% to $0.98 on Thursday after the gold project developer announced results of a Feasibility Study for its 100% owned Coffee Gold Project in the Yukon. Highlights included an after-tax NPV5% of C$455 million, an IRR of 37%, average life of mine annual gold production of 184,000 ounces, and All-In Sustaining Costs of US$550/ounce gold, based on a US$1,150/ounce gold price assumption.
As well, shares of Nobilis Health Corp. (TSX: NHC) sank 19% to $3.52 as the owner and manager of surgical hospitals and ambulatory surgical centers said Chris Lloyd has resigned as the Company’s Chief Executive Officer effective January 6, 2016. Current Nobilis executive Chairman of the Board Harry Fleming will take over as CEO effective immediately.
Network Media Group Inc. (TSXV: NTE), meanwhile, reported that it anticipates a record revenue increase of more than 400% for fiscal 2016 (ended November 30) as a result of the current and forecasted production and distribution activities of its subsidiary, Network Entertainment Inc. Network Media Group stock moved up 33% to $0.08 following the announcement.
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