Power Metals Corp. (TSXV: PWM), a lithium junior, charged higher after acquiring one of the largest lithium brine permit portfolios in Alberta
Sean Mason | January 27, 2017 | SmallCapPower
A lithium brine permit agreement powered up a lithium junior Friday. Here’s some small stocks making big moves on Friday, January 27, 2017 (as of 4 pm EST):
Power Metals Corp. (TSXV: PWM) shares climbed 22% to $0.36 on Friday after the lithium junior announced that it has executed an agreement to acquire one of the largest lithium brine permit portfolios in Alberta.
As well, shares of Perseus Mining Limited (TSX: PRU) slid 15% to $0.36 as the gold miner said it experienced a 22% quarter-on-quarter reduction in ore processed due to extended plant upgrade works and a 3% decrease in head grade, which materially impacted gold production, gold sales and unit cost of production for the three-month period ended December 31, 2016.
Celestica Inc. (TSX: CLS), meanwhile, reported better-than-expected revenue and earnings for the fourth quarter of 2016. Celestica stock moved up 11% to $18.60 following the announcement.
Finally, Equitorial Exploration Corp. (TSXV: EXX) shares gained 9% to $0.06 after the explorer announced that it has entered into a 50/50 JV agreement with Voltaic Minerals Corp. on the Green Energy Lithium Project in Utah.
Ubika Research/SmallCapPower has received compensation from Power Metals to provide analyst research coverage. For full disclosure please visit here >>
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