Small
stocks making big moves on Wednesday, January 21, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Amex Exploration Inc. (TSXV: AMX)
shares continued to move higher Wednesday, up 21% to $0.085. On Tuesday, shares
of the junior explorer gained 27% after the company announced that Agnico Eagle
Mines has just started its 2015 exploration work program on Amex’s Perron
property in Quebec, consisting of about 5000 meters of drilling. On June 21,
2013, Amex said it had signed an option agreement with Agnico Eagle for a 51%
interest in the Perron property in return for $450,000 in cash and $4.5 million
in exploration work to be done by Agnico Eagle over a three-year period.
As well,
shares of Asanko Gold Inc. (TSX: AKG)
slipped 8% to $2.03 as the West African gold project developer said it has entered
into an agreement with a syndicate of underwriters pursuant to which they
agreed to purchase, on a bought deal basis, 19.8 million common shares at a
price of C$2.02 per share for gross proceeds of approximately C$40 million.
Spectral Medical (TSX: EDT)
stock, meanwhile, moved up 9% to $0.375 after Zacks Small-Cap Research initiated
coverage of the company’s shares with a ‘Neutral’ rating and a $0.75 price
target. Spectral Medical, formerly Spectral Diagnostics Inc., is developing the
Toraymyxin column for the treatment of severe sepsis.
