Microcap Report: Stans Energy (V.HRE) gets break, Condor Resources (V.CN) soars

Stockhouse Editorial
0 Comments| July 3, 2014


Stans Energy (TSX:V.HRE, Stock Forum) swung another blow in toe-to-toe with the Kyrgyz Republic after the State Agency for Geology and Mineral Resources of Kyrgyzstan repeated ignored the company's attempts to extend its Aktyuz exploration license.
                                                             
According to yesterday's announcement, the Arbitration Court at the Moscow Chamber of Commerce and Industry handed down a final binding ruling in the matter, entitling the company to a US$118.2 million in damages and shares jumped 53.57% on the news to $0.215 per share.
 
Condor Resources (TSX:V.CN, Stock Forum) jumped in the market today after it released its third report regarding the company’s 2,084 metre diamond drill program completed by Mariana Resources on its wholly-owned Soledad project located in the Cordillera Negra metallogenic province approximately 35 kilometres south of the Pierina gold-silver mine, Peru.
 
According to the news release, the company planned the hole to test for possible higher grade feeder zones and indications of underlying porphyry mineralization. Shares climbed 85.71% on the news to $0.13 per share.
 
After yesterday's announcement where Commerce Resources (TSX:V.CCE, Stock Forum) celebrated intersecting 2.32% TREO over 96.66 metres effectively expanding the MHREO Zone at the Ashram Rare Earth Deposit located in the Northern Quebec, the company was highlighted in coverage carried out by Rockstone Research.
 
Analysts at Rockstone spoke with the company's qualified person, geologist, Darren Smith, and examined the company along with its efforts at the increasingly prospective Ashram Rare Earth Deposit and according to today's news release, yesterday's drill results intersected 4 times ,in 3 separate holes, the same mineralization that occurred in the identified MHREO Zone, noted to be the most valuable type of mineralization in the Ashram Deposit. Shares rose 18.52% on the news to $0.32 per share.


Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Condor Resources Inc. (V.CN, Stock Forum) 85.71%
Stans Energy Corp. (V.HRE, Stock Forum) 53.57%
Petrox Resources Corp. (V.PTC, Stock Forum) 50.00%
Bacanora Minerals Ltd. (V.BCN, Stock Forum) 31.87%
Commerce Resources Corp. (V.CCE, Stock Forum) 18.52%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Tekmira Pharmaceuticals Corporation (T.TKM, Stock Forum) -16.69%
Duluth Metals Limited (T.DM, Stock Forum) -13.64%
Canexus Corporation (T.CUS, Stock Forum) -7.34%
OceanaGold Corporation (T.OGC, Stock Forum) -3.02%
Canacol Energy Ltd. (T.CNE, Stock Forum) -2.60%


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