NaiKun Wind Energy Group Inc. (CVE:NKW), a renewable energy stock, climbed after announcing a Letter of Intent with Denmark’s DONG Energy
Sean Mason | September 13, 2017 | SmallCapPower
A Letter of Intent (LOI) to advance a B.C. wind project attracted more than a few speculators to a renewable energy stock Wednesday. Here’s some small stocks making big moves on Wednesday, September 13, 2017 (as of 4 pm EST):
NaiKun Wind Energy Group Inc. (TSXV: NKW), a renewable energy stock, powered 85% higher to $0.12 on Wednesday after announcing a Letter of Intent with Denmark’s DONG Energy to further advance NaiKun’s offshore wind project, proposed in British Columbia’s Hecate Strait between Haida Gwaii and Prince Rupert.
As well, shares of Quaterra Resources Inc. (TSXV: QTA) slid 14% to $0.09 as the copper explorer and its subsidiary, Singatse Peak Services LLC, said that Freeport-McMoRan Nevada LLC has terminated an option to acquire an interest in Quaterra’s Yerington Copper Project in Nevada.
Ballard Power Systems (TSX: BLDP), meanwhile, reported that it has collaborated with Nisshinbo Holdings to develop a Non Precious Metal Catalyst (NPMC) for use in the world’s first commercialized NPMC-based proton exchange membrane fuel cell product. Ballard Power Systems stock popped 26% to $5.72 following the announcement.
Finally, Vulcan Minerals Inc. (TSXV: VUL) shares rose 30% to $0.065 after the junior explorer announced that it has acquired a strategic land position in the South Voisey’s Bay nickel-copper-cobalt project in Labrador.
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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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