Uranium Junior (TSXV: PTU) Powers Higher on Drill Results

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):

PTU logoPurepoint 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.

Bruce Rowlands, Chairman & CEO, Eurocontrol Technics Group Inc.
Bruce Rowlands, Chairman & CEO, Eurocontrol Technics Group Inc.

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.

More from Sean Mason

Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.


The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.