Oil and Gas Junior Gushes on Prospect Update

CruzSur Energy Corp. (TSXV:CZR), an oil and gas junior, jumped after announcing a US$22 million phased development program at Sinu-9

Sean Mason | August 2, 2019 | SmallCapPower

A new development concerning a Colombian natural gas prospect propelled shares of an oil and gas junior Friday. Here’s some small stocks making big moves on Friday, August 2, 2019 (as of 4 pm EST):

CruzSur Energy Corp. (TSXV:CZR) shares powered 30% higher to $0.45 on Friday after the oil and gas junior announced that it has begun a US$22 million phased development program at Sinu-9, which the Company called “a high-priority Colombian natural gas prospect.”

Win Big With Our Small Cap Picks

 

As well, shares of Horizon North Logistics Inc. (TSX:HNL) slipped 17% to $1.34 as the provider of industrial, commercial, and residential products and services said its Q2 total loss widened to $10.6 million from a $3.4 million loss during the same period last year.

Aphria Inc. (TSX:APHA), meanwhile, reported fourth-quarter net revenue that soared 969% year over year and 75% quarter over quarter. The Company also generated $15.8 million in net income during Q4. Aphria stock popped 40% to $9.67 following the announcement.

Finally, Bearing Lithium Corp. (TSXV:BRZ) shares continued to move higher Friday, up 35% to $0.325 following a 33% gain on Thursday, after the lithium junior announced that the joint venture company Minera Salar Blanco S.A., in which Bearing holds an 18% interest, has entered into a non-binding Memorandum of Understanding with the Chilean State-owned mining company, CODELCO, to form a new joint venture allowing for the development of the Maricunga Salar, a lithium brine project.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: