Biotech Penny Stock Surges on Purchase Orders

Naturally Splendid Enterprises Ltd. (CVE:NSP) shares climb after South Korean purchase orders exceed $3 million

Sean Mason | May 4, 2016 | SmallCapPower

Better-than-expected exports lifted a biotech penny stock Wednesday, while a loss tarnished shares of a gold miner. Here’s some other penny stocks making big moves on Wednesday, May 4, 2016 (as of 4 pm EST):

Penny Stocks Making Big Moves:

NSP logoNaturally Splendid Enterprises Ltd. (CVE:NSP) shares powered 35% higher to $0.33 on Wednesday after the biotechnology company that develops plant-derived foods and related products announced that it has already exceeded its 2016 export projections to South Korea, having received purchase orders through the end of May totaling more than C$3 million.

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As well, shares of Primero Mining Corp. (TSE:P) slipped 11% to $2.13 as the precious metals miner said it swung to a first-quarter loss of $13.2 million on revenue of $50.5 million.

Rockland Minerals Corp. (CVE:RL), meanwhile, reported that its Board of Directors has appointed Ned Goodman as President and CEO of the Company, effective immediately. Rockland is focused on developing its mineral properties located in the Labrador Trough area of Québec. Rockland Minerals stock moved up 36% to $0.095 following the announcement.

In addition, shares of CEMATRIX Corporation (CVE:CVX) jumped 16% to $0.50 as the manufacturer of technologically-advanced cellular concrete products said its wholly-owned subsidiary has secured $2.9 million in additional contracts, bringing this year’s contracted total to $11.3 million.

Finally, Acerus Pharmaceuticals Corporation (TSE:ASP) shares climbed 15% to $0.19 as the Canadian pharmaceutical company announced that its Q1 revenue rose to $10.4 million from $3.2 million during the same period last year.

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