Sean Mason | April 13, 2016 | SmallCapPower
Some investors reacted positively to uranium results Wednesday, while funding news tarnished a gold junior. Here’s some small stocks making big moves on Wednesday, April 13, 2016 (as of 4 pm EST):
UEX Corporation (TSX: UEX) shares shot up 15% to $0.265 on Wednesday after the uranium junior announced results of the first three drill holes completed on the Christie Lake Project in the Athabasca Basin, which included 4.27% eU3O8 over 10.2 metres. UEX currently holds a 10% interest in the Project and is working under an option agreement to earn up to a 70% interest.
As well, shares of Golden Dawn Minerals Inc. (TSXV: GOM) slid 22% to $0.09 as the resource project developer said it has signed an option agreement with Huakan International Mining Ltd. and has secured debenture funding for its Greenwood gold project in British Columbia.
Mood Media Corporation (TSX: MM), meanwhile, reported that T-Mobile is the first business in Europe to deploy Mood Presence across its stores in the Czech Republic. Presence allows brands to communicate with their customers while they are in-store and deliver relevant content straight to their mobile devices. Mood Media stock popped 46% to $0.095 following the announcement.
Finally, West Kirkland Mining Inc. (TSXV: WKM) shares jumped 16% to $0.11 after the gold project developer announced that it is continuing with value engineering and preparation work for further permitting and construction at the Hasbrouck Gold Project in Nevada.
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