Small
stocks making big moves on Monday, April 27, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Surge Energy Inc. (TSX:
SGY) shares jumped 14% to $4.29 on volume of more 6.6 million shares Monday after
the oil and gas producer/explorer announced the sale of its SE Saskatchewan and
Manitoba assets for a purchase price of $430 million. The company also
disclosed that it believes its Upper Shaunavon crude oil discovery in
Saskatchewan is a conventional sandstone pool with more than 250 million
barrels of net original oil in place.
As well,
shares of Sanatana Resources Inc. (TSXV:
STA) shot up 43% to $0.05 as the gold junior revealed that the Ontario
Mining and Lands Commissioner has ordered Trelawney Mining and Exploration Inc.,
a wholly-owned subsidiary of IAMGOLD
Corporation (TSX:
IMG), to pay Sanatana more than $400,000 for its costs of defending
Trelawney’s failed easement application.
Montan Mining Corp. (TSXV:
MNY), meanwhile, reported the signing of a binding letter agreement with
Goldsmith Resources SAC, a Peruvian company, for the acquisition of the
producing Mollehuaca Ore Processing Plant in Peru as well as mining
rights for the nearby Eladium Gold Mine and the Saulito Property. Montan Mining
stock moved up 9% to $0.175 following the announcement.
Finally,
Copper Mountain Mining Corporation (TSX:
CUM) shares rose 9% to $1.25 after the miner announced first-quarter revenue
of $71.5 million, along with adjusted earnings of $4.3 million, or $0.04 per
share.
