Sean Mason | November 23, 2015 |
SmallCapPower
Completion
of a copper project investment boosted shares of a resource stock Monday, while
‘Paddy Power’
charged a gaming play. Here’s some small stocks making big moves
on Monday, November 23, 2015 (as of 4 pm EST):
Ivanhoe Mines Ltd. (TSX:
IVN) shares jumped 7% to $0.66 on Monday after the resource project developer
said it and Zijin Mining Group Co. have agreed to complete Zijin’s investment
in Ivanhoe’s Kamoa Copper Project in the Democratic Republic of Congo on or before
December 8, 2015. Zijin agreed in May this year to acquire, through a
subsidiary company, a 49.5% interest in Kamoa Holding Limited for a total
purchase price of US$412 million.
For more junior mining
investment ideas please see the Ubika Mining 20 reports >>
As well,
shares of Perpetual Energy Inc. (TSX:
PMT) sank 36% to $0.285 as the energy producer announced recapitalization
transactions, which the Company claims will reduce its current indebtedness, as
well as a proposed share consolidation of the Company’s common stock.
NYX Gaming Group Limited (TSXV:
NYX), meanwhile, reported the signing of a Letter of Intent with Paddy
Power to execute an agreement for an integration of digital gaming content via
NYX’s Open Gaming System. NYX Gaming Group stock moved up $0.02 to $2.84 following
the announcement.
Finally, Nouveau Monde Mining Enterprises Inc. (TSXV: NOU) shares gained 31% to $0.21 after the junior
explorer said it has retained the services of Matrix Advisors, LLC, a boutique
investment and advisory firm based in New York City that focuses on small and
medium enterprises, to provide business development and advisory services.
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