Blackbird Energy Inc. (CVE:BBI), an oil & gas junior, jumped after providing a timeline for production
Sean Mason | November 18, 2016 | SmallCapPower
An oil & gas junior continued to attract the attention of more than a few investors Friday. Here’s some small stocks making big moves on Friday, November 18, 2016 (as of 4 pm EST):
Blackbird Energy Inc. (CVE:BBI) shares climbed 11% to $0.60 on Friday after the oil & gas junior provided an update regarding its Upper Montney drilling program, which included a $4.2 million cost reduction and the expected completion of its infrastructure in late December, 2016 or early January, 2017, with production to begin shortly thereafter.
Related: Top Energy Stock Pick from AlphaNorth’s Steven Palmer Powers Up 53% in Three Months
As well, shares of GPM Metals Inc. (CVE:GPM) slid 37% to $0.095 as the zinc focused exploration company said seven diamond drill holes for 953 meters have been completed at the Walker Gossan Project in the Northern Territory of Australia.
Claim Post Resources Inc. (CVE:CPS), meanwhile, reported that it has purchased 100% interest in 48 claim units (3 square miles) in Godfrey Township 11km west of the Hollinger Mine. The purchase price was $7,500 cash plus 400,000 common shares of Claim Post subject only to a 2% NSR Royalty with a buyout on 1%. Claim Post Resources stock moved up 20% to $0.03 following the announcement.
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