Oil in the
ground was good news for some investors Tuesday while the market turned on a
pharma stock doing a reverse split. Here’s some small stocks making big moves
on Tuesday, September 29, 2015 (as of 4 pm EST):
Oryx Petroleum Corporation Limited (TSX:
OXC) shares climbed 9% to $0.64 on Tuesday after the Africa and Middle East
focused oil and gas producer announced a reserve update, which showed 215
million barrels in gross (working interest) proved plus probable oil reserves
confirmed.
As well,
shares of Acasti Pharma Inc. (TSXV:
APO) slid 25% to $0.335 as the emerging biopharmaceutical company said it
will consolidate its issued and outstanding Class A common shares on the basis
of 1 post-consolidation common share for every 10 pre-consolidation common shares.
The consolidation should be effective at the open of trading on or around
October 14, 2015.
Tinka Resources Limited (TSXV:
TK), meanwhile, reported results for the first seven holes of its ongoing
2015 drill program at the Ayawilca project in Peru, which included 10 metres at
5.9% zinc & 119 g/t indium. Tinka
Resources stock moved up 17% to $0.205 following the announcement.
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