Sean Mason | February 5, 2016 | SmallCapPower
Some speculators took a shine to gold assay results Friday, while financials weighed on a wireless play. Here’s some small stocks making big moves on Friday, February 5, 2016 (as of 11:30 am EST):
Lake Shore Gold Corp. (TSX: LSG) shares jumped 11% to $1.47 on Friday after the Canadian-based gold producer announced results from the first 13 holes (1,600 metres) of a new surface drilling program at the Whitney Project in northern Ontario, which included 29.42 grams per tonne (g/t) gold over 12.0 metres.
As well, shares of Sierra Wireless (TSX: SW) slid 23% to $15.63 as the wireless solutions provider said it recorded a loss of $383,000 in its fourth quarter, which fell short of Wall Street expectations.
Intermap Technologies Corporation (TSX: IMP), meanwhile, reported that it has entered into definitive agreements for the creation, operation and maintenance of a national spatial data infrastructure. The total value of the contract is estimated at US$175 million. Intermap Technologies stock popped 86% to $0.40 following the announcement.
Finally, Microbix Biosystems Inc. (TSX: MBX) shares added 9% at $0.30 after the provider of biological products and technologies announced plans to develop and introduce new products for use in diagnostic tests and vaccine research in response to the emergent Zika virus.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.
DISCLAIMER
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.
