Junior Gold Miner Shines on Operational Results: Sean Mason’s Canadian Small Cap Market Movers

Some investors
were drawn to a profitable gold junior Friday, while a possible Tesla deal
boosted a resource project developer. Here’s some small stocks making big moves
on Friday, August 28, 2015 (as of 4 pm EST):

Perseus Mining Limited (TSX:
PRU
) shares jumped 18% to $0.36 on Friday after the gold miner announced a
record profit after tax of A$92.2 million, or $0.167 per share, for fiscal
2015, which included a 26% increase in revenue and a 10% decrease in
expenses.

As well,
shares of Medworxx Solutions Inc. (TSXV:
MWX
) gained 10% to $0.54 as the health information solutions provider said
it has agreed to be acquired by Aptean, Inc. for C$0.5656 per common share in cash.

Bacanora Minerals Ltd. (TSXV:
BCN
), meanwhile, reported that it and Rare Earth Minerals plc, owners of
the Sonora Lithium Project in Mexico, have finalized a conditional long-term
lithium hydroxide supply agreement with Tesla Motors. Bacanora Minerals stock popped
52% to $1.95 following the announcement.  

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