Mid Day Mining Movers: HDA,MDW, KAM
Huldra Silver (HDA, 0.22) an illiquid stock, got a little activity today, following a small capital raise at 0.20/share. With less than 9 million shares outstanding, the company is moving toward putting a small silver, lead and nickle mine into production, hoping for a cash flow of $4.5 - $5.0 million per year. Market cap is about $1.8 million.
Midway Gold (MDW, 0.87) MDW is up 22% at 0.87 on no news. The company is developing a couple of large gold projects in Nevada, one of them (Spring Valley) being drilled by Barrick Gold as partner to earn 49% of the project. 77.3 million shares outstanding. Company has strong financial support moving forward.
Kaminak Gold (KAM, 0.47) continues to generate interest, being one of the earlier entrants into the White Gold district area play in the Yukon. They have also optioned out their Cry Lake project in BC, which has strong gold and silver showings in channel samples (see NR Sept 1, 2009). Approx 41 million shares o/s.