Ryan Gold (V.YRG) names new CEO, stock up 27%

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| November 26, 2013


Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, November 26, 2013 VANCOUVER (SHfn) –

Empire Industries Ltd. (TSX: V.EIL, Stock Forum) rose 26.7% to 10 cents after the specialized products manufacturer reported its unaudited consolidated financial results for the third quarter ended Sept. 30, 2013. The company reported net income of $3.7 million for the first nine months of 2013 ($0.02 per share), versus net income of $1.7 million ($0.01 per share) in the first nine months of 2012. "The financial results highlighted above and our $3.0 million private placement and our outlook for the future, all combined to help us successfully negotiate and announce a $13.5 million senior lending facility with CIBC just after the third quarter ended," said Guy Nelson, CEO. "Great strides have been made, as this quarter demonstrates, but much more is to be done and we are looking forward with more optimism and clarity than at any time in our history as a public company.”
 
Ryan Gold Corp. (TSX: V.RYG, Stock Forum) climbed 27.3% to 14 cents as investors assessed news the exploration company appointed Murray John President and CEO of the company, effective immediately. John has resigned as Executive Chairman and remains a director of the company. Peter McRae has been appointed non-Executive Chairman of the Board of Directors. David Schmidt, the company's Interim President and CEO, will continue as a director and assumes the role of Vice President Corporate Development. John is President and CEO of Dundee Resources Ltd., a private exploration and development company, President and CEO of Corona Gold Corp. (TSX: T.CRG, Stock Forum) and a director of a number of other public companies.


Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Empire Industries Ltd. (V.EIL, Stock Forum) 26.67%
Americas Bullion Royalty Corp. (T.AMB, Stock Forum) 21.43%
Titan Medical Inc. (V.TMD, Stock Forum) 19.00%
Americas Petrogas Inc. (V.BOE, Stock Forum) 16.79%
Polymet Mining Corp. (T.POM, Stock Forum) 16.36%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
PRD Energy Inc. (V.PRD, Stock Forum) -16.50%
Orbite Aluminae Inc. (T.ORT, Stock Forum) -13.83%
Gold Canyon Resources Inc. (V.GCU, Stock Forum) -11.54%
Detour Gold Corporation (T.DGC, Stock Forum) -8.22%
Continental Gold Limited (T.CNL, Stock Forum) -5.62%



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