A miner surged on diamond results Thursday, while shares of an energy company jumped after the sale of its interest in a coal mine.
Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, August 7, 2008
TORONTO (SHfn) – A miner surged on diamond results Thursday, while shares of an energy company jumped after the sale of its interest in a coal mine.
Dianor Resources (TSX: V.DOR, Stock Forum) shares jumped 20% to 24 cents as the company, along with its joint venture partners, acknowledged receipt of final diamond results for one hundred and ninety one reconnaissance surface rock samples taken on the joint venture's Ekomiak II; IV; V; VI; and VII properties and on Dianor's PEM property in the James Bay region of Quebec. A review of the diamonds recovered to date confirmed the presence of 121 purple colored diamonds in eight samples from three properties, says the company.
Saskatoon-based Titan Uranium (TSX: V.TUE, Stock Forum) announced results from drill programs carried out this spring on its Thorburn Lake and Carlson Creek projects in northern Saskatchewan. Three planned holes were completed on the Thorburn Lake property between April 23 and May 3. Results included the 15 meter basal sandstone section in hole TBN-08-04 which returned 1.1 to 90.4 ppm uranium, and at the unconformity the sample assayed 487 ppm uranium over a 0.60 meter interval. Shares of Titan Uranium jumped 13.3% to 25.5 cents.
Compliance Energy Corporation (TSX: V.CEC, Stock Forum) announced Thursday that it has recently signed a binding memorandum of understanding for the sale of 100% of its interest in the Basin Coal Mine located near Princeton, BC for cash and shares totaling $8 million. Under the terms of the memorandum, private Australian company NWPC Pty Ltd. has agreed to purchase the company's interest in the mining agreement as well as all remaining assets of the mine. Shares of Compliance Energy climbed 11.4% to 39 cents.
SXC Health Solutions (TSX: T.SXC, Stock Forum) reported its financial results for the second quarter, which included revenue of $227.8 million, compared with $23.1 million in the second quarter of 2007 and net income of $3.3 million, or 14 cents per share, compared to $3 million, or 14 cents per share, in Q2, 2007. The company completed the acquisition of National Medical Health Card Systems on April 30 and financial results for Q2 include two months of contribution from the acquired NMHC business. SXC Health Solutions provides pharmacy benefits management services and Health Care Information Technology solutions to the healthcare benefits management industry. Shares of SXC jumped 11.2% to $15.34.
Shares of Crosshair Exploration & Mining (TSX: T.CXX, Stock Forum) climbed 9.1% to 48 cents after the company announced results of an updated independent NI 43-101 resource estimate on the C Zone and two new areas at its Central Mineral Belt Uranium Project in Labrador. The updated estimates include an indicated resource of 5.19 million pounds of uranium and additional inferred resources of 5.82 million pounds of U3O8, says Crosshair. In addition to increasing the uranium resource, the company says the vanadium resource has also been significantly increased to 11.75 million pounds of vanadium in the indicated category and an additional 15.81 million pounds of V2O5 in the inferred category.
*Editor’s note: Please note that there was a discrepancy between Stockhouse advance/decline percentages and TSX percentages on Energulf Resources (TSX: V.ENG, Stock Forum) and Universal Power (TSX: V.UNX, Stock Forum), and these stocks have not been included in the report this afternoon.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
