Sean Mason | February 10, 2016 | SmallCapPower
A silica resource surge was good news for one junior Wednesday, while financials lifted a healthcare play. Here’s some small stocks making big moves on Wednesday, February 10, 2016 (as of 4 pm EST):
Select Sands Corp. (TSXV: SNS) shares jumped as much as 22% before closing up 4% at $0.24 on Wednesday after the resource project developer announced an updated mineral resource estimate for its Sandtown Project in Arkansas, which showed that the Indicated silica (SiO2) resource increased by 91% to 41.98 million tons.
As well, shares of Argex Titanium, Inc. (TSX: RGX) slipped 13% to $0.035 as the emerging producer of high-grade titanium dioxide (TiO2) said it had insufficient funds to meet the interest payment due on December 31, 2015, on the C$7.5 million principal amount of its 8% unsecured convertible debentures.
Patient Home Monitoring (TSXV: PHM), meanwhile, reported that it will post its full financial results for Q1 on February 11, 2016, adding that its revenues for the period increased more than 294% from the same quarter a year ago and 36% from the previous quarter. Patient Home Monitoring stock moved up 12% to $0.48 following the announcement.
Finally, Tanzanian Royalty Exploration Corporation (TSX: TNX) shares continued to move higher Wednesday, up 9% to $0.375. On Tuesday, shares of the junior gold miner climbed 17% after the Company announced that its 55% owned Buckreef Re-Development Gold Project in the Republic of Tanzania has successfully completed its first gold pour.
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