Lithium Penny Stock Slips on Sample Results

92 Resources Corp. (CVE:NTY), a lithium penny stock, dropped after announcing channel sampling results from its Hidden Lake Lithium Property

Sean Mason | November 8, 2016 | SmallCapPower

A lithium penny stock powered down Tuesday following channel sampling results. Here’s some small stocks making big moves on Tuesday, November 8, 2016 (as of 4 pm EST):

Lithium penny stock 92 Resources Corp. (CVE:NTY) slid 18% to $0.18 on Tuesday after announcing channel sampling results from the 2016 summer exploration at its wholly-owned Hidden Lake Lithium Property in the Northwest Territories, which included 1.53% Li2O over 11.58 metres.

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As well, shares of First Global Data Limited (CVE:FGD) jumped 46% to $0.175 as the financial services technology company said its Indian subsidiary MSEWA Software Solution Private Limited has launched the Company’s mobile payment service with Vijaya Bank in India under the brand ‘VPayQwik’. Vijaya Bank is a government-owned bank with more than 14 million active account holders.

Delphi Energy Corp. (TSE:DEE), meanwhile, reported that it has entered into a non-binding Letter of Intent with an existing working interest industry partner to accelerate the development of its Deep Basin natural gas play at Bigstone in northwest Alberta. Delphi will receive $30 million in cash and its partner will pay $34 million in drilling costs for a 35% working interest in the project. Delphi Energy stock moved up 12% to $1.14 following the announcement.

Finally, CO2 Solutions Inc. (CVE:CST) shares rose as much as 9% before ending unchanged at $0.17 after the enzyme-enabled carbon capture provider announced that it has agreed to purchase certain intellectual property owned by Akermin Inc., which has decided to cease operations, for $400,000.

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