Sean Mason | February 23, 2016 | SmallCapPower
A follow-up drill program sparked some speculator interest Tuesday, while a court decision weighed on a resource junior. Here’s some small stocks making big moves on Tuesday, February 23, 2016 (as of 4 pm EST):
Dios Exploration Inc. (TSXV: DOS) shares powered 27% higher to $0.07 on Tuesday after the gold explorer announced that drilling will start this week on its Underdog acquisition as part of the wholly-owned Heberto gold discovery in the James Bay region of Quebec. This follows the initial 2500 metre drill program that produced results including 2.13 g/t gold over 22.9 metres.
As well, shares of Tasman Metals Ltd. (TSXV: TSM) slid 29% to $0.125 as the critical metals and mineral project developer said it has been notified of a decision by the Supreme Administrative Court of Sweden to cancel the Norra Karr Mining Lease.
Clearford Water Systems Inc. (TSXV: CLI), meanwhile, reported that it has secured renewal of a $100 million funding commitment for Municipal Wastewater Projects in the Province of Ontario. Clearford Water stock moved up 23% to $0.295 following the announcement.
Finally, Pretium Resources Inc. (TSX: PVG) shares slipped 10% to $6.22 after the gold project developer announced an equity financing of approximately US$120 million, which would involve issuing 26.21 million common shares at a price of US$4.58 per share.
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