Sean Mason | February 26, 2016 | SmallCapPower
Some speculators reacted positively to uranium assays Friday, while a loss tarnished shares of a precious metals producer. Here’s some small stocks making big moves on Friday, February 26, 2016 (as of 4 pm EST):
Purepoint Uranium Group Inc. (TSXV: PTU) shares surged 89% to $0.085 on Friday after the uranium explorer announced drill results within the Spitfire Zone of the Hook Lake project in Saskatchewan’s Athabasca Basin, which included 1.7% eU3O8 over 31.2 metres. Purepoint has a 21% stake in the project along with joint venture partners Cameco Corp. and AREVA Resources Canada.
As well, shares of Silver Standard Resources Inc. (TSX: SSO) slipped 8% to $7.47 as the precious metals producer said it recorded a net loss of $124.3 million in 2015.
Eurocontrol Technics Group Inc.’s (TSXV: EUO) stock, meanwhile, continued to move higher, up 5% to $0.195. Its share price has gained 19% since the Company reported on Tuesday that its subsidiary, XwinSys Technology Development Ltd., has finalized the integration of its novel XRF technology, named NMT, in its state-of-the-art hybrid product line.
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