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.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.