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Junior energy stock pops on shale oil license award

6/22/2012 6:28:53 PM | Sean Mason

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This as a small pharmaceutical stock dropped following a non-compliance notice Friday

Stockhouse Canadian Small and Micro-cap Stock Report for Friday, June 22, 2012

TORONTO (SHfn) – Anatolia Energy (TSX: V.AEE, Stock Forum) shares climbed as much as 20% to 15 cents on Friday after the oil and gas explorer/developer reported that it has been jointly awarded three new Dadas shale oil prospective licenses in Turkey with its partner, Çalık Enerji San. ve Tic. AŞ. The three licenses cover a contiguous area of 366,990 gross acres, in which Anatolia can earn a 50% interest.

As well, shares of Theratechnologies (TSX: T.TH, Stock Forum) plunged 62% to 73 cents as specialty pharmaceutical company said it has received a notice of non-compliance from the Therapeutic Products Directorate of Health Canada regarding the New Drug Submission for tesamorelin for the treatment of excess abdominal fat in HIV-infected patients with lipodystrophy.

Gold Standard Ventures (TSX: V.GSV, Stock Forum), meanwhile, announced that it has entered into an underwriting agreement to sell a total of 10 million common shares of the company at a price of US$2 per common share to raise gross proceeds of US$20 million. Gold Standard Ventures stock slipped 12% to $2.08 on volume of more than 2.1 million shares.

And, Nautilus Minerals (TSX: T.NUS, Stock Forum) said it expects to resolve an ownership dispute with Papua New Guinea over its Solwara 1 underwater mine after the country's national elections, which start on Saturday and run for two weeks, Reuters reported late Thursday. Nautilus shares jumped 12% to $1.20 on Friday.

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

Sean Mason is a Stockhouse market reporter and editor.

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