Nevada Exploration Inc. adds 76 new claims along the Battle Mountain-Eureka Gold Trend
Sean Mason | May 2, 2016 | SmallCapPower
A bigger stake in a prolific gold district was good news for a few small cap investors Monday, while many investors fled an energy play. Monday, May 2, 2016 (as of 4 pm EST):
Small cap stocks that are making big moves:
Nevada Exploration Inc. (CVE:NGE) shares surged 40% to $0.56 on Monday after the gold junior announced that it has added 76 new claims covering 550 hectares to its land position in Nevada’s Kelly Creek Basin, which is located along the Battle Mountain-Eureka Gold Trend.
As well, shares of Lightstream Resources Ltd. (TSE:LTS) slid 29% to 0.23 as the oil and gas producer/explorer said if it is unable to execute on an appropriate strategic transaction in a timely manner, based on current commodity prices, its funds flow from operations is not expected to be sufficient to fund its upcoming junior debt interest payment obligations, the first of which is due June 15, 2016.
UrtheCast Corp. (TSE:UR), meanwhile, reported that it has successfully completed prototype hardware testing of the principal core enabling elements of its ground-breaking Synthetic Aperture Radar technology. UrtheCast stock moved up 13% to $1.20 following the announcement.
Finally, Vogogo Inc. (CVE:VGO) shares fell 24% to $0.19 after the payment processing specialist announced that it has initiated a process to explore strategic options, as well as implement cost-cutting initiatives that include reducing staffing levels.
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