Sean Mason | February 9, 2016 | SmallCapPower
A new geological gold unit grabbed the attention of a few speculators Tuesday, while an acquisition dragged down a small tech play. Here’s some small stocks making big moves on Tuesday, February 9, 2016 (as of 4 pm EST):
Sirios Resources Inc. (TSXV: SOI) shares climbed 24% to $0.105 on Tuesday after the gold project developer announced that a new geological gold unit has been intersected in the Cheechoo property near James Bay. This unit was intersected in Hole #40 at a depth of 296 metres, and is an altered and mineralized biotite schist with 1% to 3% of pyrrhotite and arsenopyrite disseminated on total thickness of the 36 metres unit. The Company added that visible gold was also observed.
As well, shares of Moseda Technologies Inc. (TSXV: MSD) slipped 10% to $0.185 as the provider of mobile health (mHealth) and telemedicine solutions for community-based healthcare said it has acquired CareKit Health Corporation, a commercial-stage healthcare technology company that has built a comprehensive hardware and software platform.
TSO3 Inc. (TSX: TOS), meanwhile, reported that all of its outstanding warrants with a $1.875 exercise price had either been exercised or expired as of February 4, 2016, bringing in proceeds of $13.5 million as a result of the exercises since January 5, 2016. TSO3 stock moved up 5% to $1.75 following the announcement.
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