Energy Junior Gushes on Insider Buying

Zenith Energy Ltd. (TSXV: ZEE), an energy junior, jumped after announcing that its CEO recently purchased some of the Company’s stock

Sean Mason | January 13, 2017 | SmallCapPower

Management stock buying was good news for shareholders of an energy junior Friday. Here’s some small stocks making big moves on Friday, January 13, 2017 (as of 4 pm EST):

Energy junior Zenith Energy Ltd. (TSXV: ZEE) powered 32% higher to $0.165 on Friday after announcing that its CEO, Andrea Cattaneo, recently purchased 100,000 common shares of Zenith Energy at a price of $0.08 per share.

As well, shares of Lithium Energy Products Ltd. (TSXV: LEP) gained 23% to $0.08 as the lithium explorer said it has begun exploration at its 100% owned Jackpot Lake property in Nevada. Initial activities will include geological mapping and prospecting, followed by soil samples, auger samples and brine samples.

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Sabina Gold & Silver Corp. (TSX: SBB), meanwhile, reported that the Minister of Indigenous and Northern Affairs Canada, with the agreement of other responsible ministers, has decided that the Company’s Back River Gold Project should be returned to the Nunavut Impact Review Board for further consideration. Sabina Gold & Silver stock moved up 10% to $1.27 following the announcement.

Finally, Eco (Atlantic) Oil & Gas Ltd. (TSXV: EOG) shares jumped 13% to $0.26 after the oil & gas explorer announced that ExxonMobil and Hess Corporation have both announced a second oil discovery on the Stabroek Block offshore Guyana, which is close to EOG’s Payara-1 well.

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