Sean Mason | February 18, 2016 | SmallCapPower
Speculators continued to love all things lithium Thursday, while a contract boosted a construction play. Here’s some small stocks making big moves on Thursday, February 18, 2016 (as of 4 pm EST):
Lithium X Energy Corp. (TSXV: LIX) shares continued to move higher on Thursday, up 13% to $0.95. On Tuesday, the lithium explorer/developer announced that it had signed an agreement to acquire a 100% interest in the CVL Lithium Property, which Lithium X believes will make it the largest claims holder in Nevada’s Clayton Valley with more than 15,020 acres (6,078 hectares).
As well, shares of Finning International Inc. (TSX: FTT) slipped 2% to $18.32 as the world’s largest Caterpillar equipment dealer posted a lower-than-expected Q4 profit and said it would cut another 400-500 jobs by mid-2016.
Luxor Industrial Corporation (TSXV: LRL), meanwhile, reported that its subsidiary, USA Mill Frame LLC, was awarded a US$6 million turnkey framing contract for the Heron’s Key project in Gig Harbor, Washington by The Weitz Company. Luxor added that its 2016 US framing contracts now total in excess of US$11 million. Luxor Industrial stock moved up 11% to $0.20 following the announcement.
Finally, Prima Diamond Corp. (TSXV: PMD) shares gained 150% to $0.025 after the explorer announced that it has entered into an agreement to acquire a 100% interest in the Green Energy Lithium Property in Utah.
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.
