Stockhouse.com: Taking it to the street
Latest Broadcasts
V.ARD
Technology-Internet
T.FR
Natural Resources
V.AIX
Natural Resources.
OMCY
Internet/Technology
V.KTN
Natural Resources, Metals and Mining
T.ND
Natural Resources
An excellent place to start your search for new investments!
add to favorites print

A shale gas resource estimate smelt sweet to some shareholders Friday, while speculators piled into an Ecuadorian gold play.

Stockhouse Canadian Small and Micro-cap Stock Report for Friday, June 26, 2009

TORONTO (SHfn) – A shale gas resource estimate smelt sweet to some shareholders Friday, while speculators piled into an Ecuadorian gold play.

Corridor Resources (TSX: T.CDH, Stock Forum)shares climbed 17% to $2.80 on Friday after the oil and gas producer/explorer provided a summary of the results of an independent study of the quantity of shale gas resource contained within the Frederick Brook formation in the Sussex/Elgin sub-basins of southern New Brunswick. The study, effective June 1, 2009, stated that the best estimate of discovered resources in the study area is 67.3 Trillion Cubic Feet (TCF) gross and 59.1 TCF Corridor working interest.

As well, shares of Ecometals (TSX: V.EC, Stock Forum) shot up 105% to 20.5 cents as the micro cap miner reported plans for diamond drill testing on the Rio Zarza Gold Project in Ecuador, which the company claims has a structural scenario analogous to Kinross' Fruta del Norte Gold Deposit.

Cypress Development (TSX: V.CYP, Stock Forum) and Skyharbour Resources (TSX: V.SYH, Stock Forum), meanwhile, provided an update on their ongoing drill program on Cypress' (80%) Skyharbour's (20%) Broulan Reef gold project located in the Red Lake gold camp in northwestern Ontario. Results included 2.47 grams per tonne (g/t) gold over 4.1 metres. Cypress stock popped as much as 17% to 20.5.

And, Paramount Gold and Silver (TSX: T.PZG, Stock Forum) announced late Thursday that, effective June 29, 2009, it will be added to several Russell indexes including the Russell 3000 and Russell Global. Its shares added 12% at $1.91.

Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern)
Top Canadian Small/Micro-cap Decliners


 
 
ABOUT THE AUTHOR
Sean Mason
Sean Mason is a Stockhouse market reporter and editor.

 
print
 
 
Stockhouse Conflict and Disclosure Policy:

Stockgroup Media Inc., owners and operators of Stockhouse.com, has established the following rules to ensure that there is no appearance of impropriety on the part of any Stockhouse Editorial writers ("Writers"). The content of Stockhouse Editorial articles (the "Articles") are the opinion of the Writer and any reliance on the content of these articles is at your sole risk. Our Writers are not registered investment advisors. You should not make any kind of investment decision in relation to Articles or stocks discussed in them without obtaining advice from a registered investment advisor.

Facts relied upon by our Writers are generally provided by the subject companies or gathered by our Writers from other public and/or private sources. These facts may be in error and if so, the opinions of our Writers may be materially different.

Writers may own, buy, or sell shares in public companies mentioned in their Articles, but in the Article they must prominently state their ownership position. Thus, a conflict may exist. Writers are not permitted to write Articles that attempt to benefit persons connected to the Writer, such as family or friends, except where disclosure is made in the same way as if the Writer him/herself owns stock.

Writers cannot solicit, accept, or agree to receive anything of value given or paid with the intent of influencing their Articles.

Stockhouse notifies each Writer about these rules, and we rely on the integrity of our Writers to ensure that our rules are followed.

 
 
 
 
 
Today's Feature  
 
Arco Resources Corp
New Name, New Country, New Commodity, NEW OPPORTUNITY!

Arco Resources Corp. is a dynamic junior mining company traded on the TSX Venture Exchange (TSX-V:ARR) and the Frankfurt Stock Exchange (FSE: MJ7). Arco's strategic focus is on exploration and development of Gold, Silver and Polymetallic properties in southwestern Mexico...