Energy Junior Jumps on Production Results: Sean Mason’s Canadian Small Cap Market Movers

Some speculators
gushed over oil and gas results Wednesday, while another tiny energy play slid
on an impairment charge. Here’s some small stocks making big moves on Wednesday,
August 26, 2015 (as of 4 pm EST):

Surge Energy Inc. (TSX:
SGY
) shares climbed 13% to $2.39 on Wednesday after the oil focused
E&P company announced that it has completed and placed on production
the four net wells drilled in June and July at Shaunavon, Saskatchewan, adding
more than 800 bopd of net production. The company also said that it is well
positioned to exceed management’s 2015 production exit rate target of 14,500
boepd.  

As well,
shares of PRD Energy Inc. (TSXV:
PRD
) slid 17% to $0.05 as the Germany focused oil and gas company said it has
incurred an impairment expense on its exploration and evaluation assets of
$12,921,385, as a result of relinquishing all of its direct licences to
the relevant state authorities in Germany and taking steps to discharge its
remaining liabilities in that country.

Slyce Inc. (TSXV:
SLC
), meanwhile, reported that it has escalated deployment of its
technology platform with preeminent luxury retailer Neiman Marcus. Slyce stock
moved up 7% to $0.30 following the announcement.

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