Small
stocks making big moves on Friday, June 26, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Royal Nickel Corporation (TSX:
RNX) shares shot up 32% to $0.40 on volume of more than 4.4 million shares Friday
after the resource project developer announced that it has received the
Certificate of Authorization for the Dumont Nickel Project from the Quebec
Ministry of Sustainable Development, Environment and the Fight Against Climate
Change. The company added that the ruling clears the way for the construction
of a mine, which it expects will begin in early 2016 following the completion
of financing.
As well,
shares of Rooster Energy Ltd. (TSXV:
COQ) rose 6% to $0.10 as the oil and gas producer/explorer said it has expanded
and extended the term of its existing credit facility for an additional
three years with an increase in the amount loaned to US$60 million.
Meanwhile,
LGX Oil + Gas Inc.’s (TSXV:
OIL) stock continued to power higher Friday, up 27% to $0.14 a day after
the company reported the completion test results from recent southern Alberta activity.
The Banff Formation has been flowing back for 159 hours and has produced in
excess of 2,700 Bbl of light oil for an average daily rate of approximately 420
Bbl oil per day over the test period. LGX’s share price has doubled in the past
two days.
