Microcap Report: Xmet (V.XME) active on graphite survey news

Stockhouse Editorial
0 Comments| June 5, 2014


Xmet Inc. (TSX:V.XME, Stock Forum) jumped 14.3% to 4 cents in active trading Thursday after the company  said it has discovered an 'all-channel' EM response close to the western boundary of Zenyatta's (TSX:V.ZEN, Stock Forum) Albany graphite diatreme in northeastern Ontario.

Xmet is a Toronto-based firm engaged in the exploration of Canadian mineral properties.

According to the news release, the VTEM airborne survey was carried out by Geotech in March 2014 and they concluded in their final report that the anomaly appears to be 'a steeply dipping conductor.
 

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Athabasca Minerals Inc. (V.ABM, Stock Forum) 8.75%
Lake Shore Gold Corp. (T.LSG, Stock Forum) 8.00%
Theralase Technologies Inc. (V.TLT, Stock Forum) 7.94%
Timmins Gold Corp. (T.TMM, Stock Forum) 7.50%
Just Energy Group Inc. (T.JE, Stock Forum) 6.50%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Madalena Energy Inc. (V.MVN, Stock Forum) -19.05%
Quest Rare Minerals Ltd. (V.QRM, Stock Forum) -15.38%
Sirius XM Canada Holdings Inc. (T.XSR, Stock Forum) -7.33%
POET Technologies Inc. (V.PTK, Stock Forum) -5.39%
Gluskin Sheff + Associates Inc. (T.GS, Stock Forum) -3.52%


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