Morumbi Resources Inc. (CVE:MOC), a resource penny stock, climbed after announcing the acquisition of the producing El Mochito Zinc Mine in Honduras
Sean Mason | September 23, 2016 | SmallCapPower
More than a few speculators took a shine to a resource penny stock Friday following a zinc mine acquisition. Here’s some small stocks making big moves on Friday, September 23, 2016 (as of 4 pm EST):
Morumbi Resources Inc. (CVE:MOC) shares shot up 29% to $0.09 on Friday after the resource penny stock announced that it has agreed to acquire 100% of Nyrstar’s indirect subsidiary American Pacific Honduras SA de CV and its flagship asset, the producing El Mochito Zinc Mine in Honduras, for a purchase price of US$500,000.
As well, shares of PetroMaroc Corporation plc (CVE:PMA) jumped 78% to $0.08 as the oil and gas company focused on Morocco said it has entered into a binding agreement to sell its 50% operated interest in the Sidi Moktar Licences to Sound Energy plc.
Ventripoint Diagnostics Ltd. (CVE:VPT), meanwhile, reported that it has received the first order from YuTian Technology for components to manufacture Ventripoint Medical System units in China. Ventripoint Diagnostics stock popped 41% to $0.155 following the announcement.
Finally, iSIGN Media Solutions Inc. (CVE:ISD) shares rose 19% to $0.095 after the provider of interactive mobile advertising solutions confirmed that payment of all monies owed to its auditors has been made.
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