Dynasty Metals & Mining is reviewing interests from third parties
Sean Mason | April 20, 2016 | SmallCapPower
A gold miner glistered on a production update Wednesday, while insider ownership lifted a healthcare play. Here’s some small stocks making big moves on Wednesday, April 20, 2016 (as of 4 pm EST):
Dynasty Metals & Mining Inc. (TSE:DMM) shares jumped 74% to $0.20 on Wednesday after the miner announced the sale of 2,785 ounces of gold from the Zaruma mine in Ecuador during the first quarter of 2016 and production of 2,221 ounces. The Company added that it has received and is reviewing expressions of interest from third parties regarding the development of the Dynasty Goldfields project, and that the Zaruma mine area was not affected by the recent earthquake in Ecuador.
As well, shares of Metanor Resources Inc. (CVE:MTO) slipped 15% to $0.085 as the gold producer said drilling from the last few weeks on the Moroy property located 1 km from the Bachelor mill has allowed it to define the extension of the gold structure from surface down to 650 metres deep.
Patient Home Monitoring Corp. (CVE:PHM), meanwhile, reported that it has promoted Greg Crawford to the position of Chief Operating Officer and, as a result, total insider ownership will exceed 20%. PHM stock moved up 18% to $0.30 following the announcement.
Finally, International Lithium Corp. (CVE:ILC) shares rose as much as 6% before ending 2% higher at $0.325 after the explorer announced that strategic partner Pioneer Resources Limited has advised the Company that they wish to advance an exploration program on the Mavis Lithium project in Ontario. The proposed work program will include six diamond drill holes.
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