Sean Mason | November 30, 2015 |
SmallCapPower
A positive
Preliminary Economic Assessment was good news for some shareholders Monday,
while a lithium play skyrocketed in its market debut. Here’s some small stocks
making big moves on Monday, November 30, 2015 (as of 4 pm EST):
Alabama Graphite Corp. (TSXV:
ALP) shares powered 14% higher to $0.20 on volume of more than 4.6 million
shares Monday after the resource project developer announced the results of a
Preliminary Economic Assessment (PEA) for its 100%-owned flagship Coosa
Graphite Project in Alabama. Highlights included a Pre-tax Internal Rate of
Return of 52.2% and an Initial Capital Expenditure (CAPEX) of $43.2 million.
As well,
shares of Bankers Petroleum Ltd. (TSX:
BNK) slipped 6% to $1.57 as the oil and gas producer/explorer said the
Government of Albania has not yet complied with the order issued by the
Tribunal constituted by the International Court of Arbitration of the
International Chamber of Commerce to cease enforcement of the tax assessment
and revoke suspension of Bankers Petroleum’s Albanian bank accounts.
Lithium X Energy Corp. (TSXV:
LIX) stock, meanwhile, soared 167% to $0.40 in its stock market debut Monday.
Lithium X has acquire a 100% interest in the NSP Lithium Claims in Nevada from
Clayton Valley Lithium Inc., and now controls 1,765 hectares of claims in the
Clayton Valley. The Lithium X claims are contiguous to private lands and placer
claims belonging to Albemarle Corp., which operates North America’s only
lithium production facility, in operation since 1967.
Finally, Barkerville Gold Mines Ltd. (TSXV:
BGM) shares added 2% at $0.23 after the gold project developer announced
that it has entered into letter agreement with Osisko Gold Royalties Ltd.,
whereby Osisko has agreed to purchase 32 million common shares of Barkerville, at
a price of C$0.32 per share, and a 1.5% NSR royalty on the Cariboo Gold Project
in British Columbia.
Hi, did you know SmallCapPower accepts
blog submissions? You can contact me at sean@smallcappower.com.
