Small
stocks making big moves on Thursday, June 25, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Metanor Resources Inc. (TSXV:
MTO) shares climbed 18% to $0.065 on volume of more than 2.4 million shares
Thursday after the junior gold miner reported drill results from its Bachelor
Mine in Quebec, which included 12.8 g/t gold over 10.8 meters. During its most
recently reported quarter, Metanor produced gold at an all-in cost of US$959
per ounce and generated net income of C$16,578.
As well,
shares of Mogo Finance Technology Inc.
(TSX:
GO) slipped 7% to $9.33 following its stock market debut Thursday. The online
lending platform issued five million common shares at a price of C$10 per
share, resulting in aggregate gross proceeds to Mogo of C$50 million.
Gale Force Petroleum Inc. (TSXV:
GFP), meanwhile, reported that it has agreed to be acquired by Montana Exploration Corp. (TSXV:
MTZ) in an all-stock transaction. Gale Force shareholders will receive 0.465
common shares of Montana Exploration for each GFP common share held. Gale Force
Petroleum stock moved up 60% to $0.04 following the announcement.
