A Shell Canada offtake agreement gave an industrial minerals stock a big lift Wednesday. Here’s some small stocks making big moves on Wednesday, February 12, 2020 (as of 4 pm EST):
Athabasca Minerals Inc. (TSXV:AMI), an industrial minerals stock, surged 45% to $0.34 on Wednesday after announcing that its wholly-owned subsidiary has secured an anchor offtake agreement with Shell Canada Energy for its Duvernay Frac Sand Project in Alberta.
As well, shares of Pretium Resources Inc. (TSX:PVG) fell 22% to $9.98 as the gold miner said its average annual gold production for the foreseeable future at Brucejack’s Valley of the Kings is currently expected to be in a range comparable with the gold production guidance range for 2020, which is approximately 525,000 ounces as a result of a reduction in the estimated gold grade.
RESAAS Services Inc. (TSXV:RSS), meanwhile, reported that it has signed a new partnership agreement with ZorroSign, Inc, a provider of electronic signature and transaction management software to real estate agents and brokerages. RESAAS Services stock moved up 46% to $0.285 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
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. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Athabasca Minerals Inc. (TSXV:AMI), an industrial minerals stock, surged 45% to $0.34 on Wednesday after announcing that its wholly-owned subsidiary has secured an anchor offtake agreement with Shell Canada Energy for its Duvernay Frac Sand Project in Alberta.
, a big lift on Wednesday.){kind=link}