Skeena Resources Limited (CVE:SKE), a junior explorer, gained ground after announcing that the Supreme Court of British Columbia has ruled in favour of its subsidiary
Sean Mason | August 3, 2017 | SmallCapPower
A favourable court decision sparked a bit of interest in shares of a junior explorer Thursday. Here’s some small stocks making big moves on Thursday, August 3, 2017 (as of 4 pm EST):
Skeena Resources Limited (TSXV: SKE) shares rose as much as 9% before ending unchanged at $0.055 on Thursday after the junior explorer announced that the Supreme Court of British Columbia has ruled in favour of its subsidiary, Sona Resources, regarding a dispute about the Company’s option to earn a 100% equity interest in the Elizabeth property. Sona’s assets consist of the royalty-free, 100% owned, past-producing underground Blackdome gold mine in British Columbia, and an option to earn a 100% interest on the adjacent Elizabeth property.
As well, shares of CRH Medical Corporation (TSX: CRH) sank 29% to $3.25 as the provider of services and products for gastroenterologists said that as a result of the annual process that insured individuals and companies go through when renewing their health insurance policies, its commercial payor mix may change each year, which could have a positive or negative impact on CRH’s revenues. CRH Medical also announced a 33% YoY increase in its Q2 revenue to US$22.1 million.
Altus Group Limited (TSX: AIF), meanwhile, reported that its second-quarter consolidated revenues rose 17% to $128.8 million, while Adjusted earnings per share for the period increased 46% to $0.41. Altus Group stock moved up 18% to $31.06 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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. To read more of this Disclaimer please click on the button below: