Nickel One Resources Inc. (CVE:NNN), an exploration stock, moved up after announcing a Letter of Intent for the purchase of the Lantinen Koillismaa Nickel-Copper-Platinum Group Element project in Finland
Sean Mason | August 11, 2016 | SmallCapPower
Some exploration stock speculators were digging a potential mineral property acquisition Thursday. Here’s some small stocks making big moves on Thursday, August 11, 2016 (as of 4 pm EST):
Exploration stock Nickel One Resources Inc. (CVE:NNN) jumped 29% to $0.11 on Thursday after announcing that it has signed a Letter of Intent with Finore Mining for the purchase of a 100% interest in the Lantinen Koillismaa Nickel-Copper-Platinum Group Element project in Finland, in consideration for five million common shares of Nickel One.
As well, shares of NAPEC Inc. (TSE:NPC) slipped 17% to $1.00 as the provider of construction and maintenance services to the public utility and heavy industrial markets said its second-quarter revenue fell to $77.8 million from $82.1 million, while swinging to a loss of a penny a share from a $0.01 per share profit during the same period last year.
Etrion Corporation (TSE:ETX), meanwhile, reported Q2 net income of US$1.4 million, compared with a net loss of US$10.1 million during the same period last year. Etrion is an independent power producer that develops solar power generation plants. Its stock price moved up 21% to $0.38 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.