Small
stocks making big moves on Thursday, January 8, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Candente Copper Corp. (TSX: DNT)
shares climbed 11% to $0.10 on Thursday after the junior explorer said it has
received Expressions of Interest in different forms of funding for the Cañariaco
Copper project in Peru, which includes concentrate off-take, royalties,
streaming, loans and joint venture agreements.
As well, shares
of Valeura Energy Inc. (TSX: VLE)
continued to move higher Thursday, up 18% to $0.50. On Wednesday, shares of the
Canada-based firm developing and producing petroleum and natural gas in Turkey
surged 20% after the company announced 18% growth in quarter over quarter net
sales and said it plans a capital budget of up to $19 million to $22 million
(net) in Turkey in 2015 in order to target production growth of 10% to 15%
compared with 2014.
Orbite Aluminae Inc. (TSX: ORT),
meanwhile, reported that the Canadian Intellectual Property Office (CIPO) has
issued a notice of allowance for patent application No. 2,857,574, pertaining
to Processes for Treating Red Mud. Red mud is the waste product generated
by the Bayer process, the industrial process used for refining bauxite to
obtain alumina, the raw material for the electrolytic production of aluminium. Orbite
claims red mud represents a long-term environmental liability for the entire alumina
industry. Orbite Aluminae stock popped 13% to $0.34 on volume of more than 2.3
million shares following the announcement.
Finally,
POET Technologies Inc. (TSXV: PTK)
shares slipped 3% to $1.35 after the developer of the planar opto-electronic
technology (POET) platform for monolithic fabrication of integrated circuit
devices containing both electronic and optical elements on a single
semiconductor wafer provided a corporate update saying, among other things, that
it started the new year with a cash balance of approximately $12.5 million, a
350% increase from a year earlier, and that it is accelerating its transition
from “Lab-to-Fab.”
