A big Western Canadian production increase pumped up a junior energy stock Friday. Here’s some small stocks making big moves on Friday, June 21, 2019 (as of 4 pm EST):
Prospera Inc. (TSXV:PEI), a junior energy stock, jumped 11% to $0.05 on Friday after announcing that production at its Luseland, Hearts Hill and Cuthbert properties in Saskatchewan have increased by 30%, or 345 boe/day.
As well, shares of Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) rose 4% to $1.41 as the diversified midstream energy and infrastructure company said the Pioneer Pipeline, connecting Tidewater’s Brazeau River gas plant to TransAlta’s generating units at Keephills and Sundance, transported the first gas four months ahead of schedule.
Compass Gold Corp. (TSXV:CVB), meanwhile, reported that it will host a conference call on June 25, 2019, to provide a review of the Company’s recent activities, as well as its plans for further exploration at the Ouassada exploration permit on its Sikasso Property in Mali. The Company’s CEO added that, “we are very excited about the results we’re continuing to receive from the field.” Compass Gold stock moved up 26% to $0.365 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.
Prospera Inc. (TSXV:PEI), a junior energy stock, jumped 11% to $0.05 on Friday after announcing that production at its Luseland, Hearts Hill and Cuthbert properties in Saskatchewan have increased by 30%, or 345 boe/day.
