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Microcap Report: Canamex Resources (V.CSQ) digs in, PyroGenesis (V.PYR) lights up

Stockhouse Editorial
0 Comments| July 7, 2014


PyroGenesis Canada (TSX:V.PYR, Stock Forum) continued to increase its footprint in the provision of advanced plasma processes as it announced today that the company had signed a sales agreement with a major international manufacturer for ten plasma-based powder production systems for 3D printing.
 
According to the news release, the deal calls for the supply by PyroGenesis of ten of its unique metal powder production platforms to the customer over an 18-month period for an approximate total consideration of $12.5 million. Shares rose 10.77% on the news to $0.72 per share.
 
POET Technologies (TSX:V.PTK, Stock Forum) moved further in defining and cementing its strategic direction with its announcement today that the company had made major changes to its board of directors and changes to its slate of board candidates for the upcoming annual general meeting.
 
According to the news release, the company appointed Ajit Manocha as Executive Vice Chairman to assist POET in such ways as determining its strategic direction, capital raises and the identification and installation of a permanent CEO. Shares gained 11.80% on the news to $1.99 per share.
 
Canamex Resources (TSX:V.CSQ, Stock Forum) hit it big at Bruner Gold project with today's announcement of drill results at the project. Apparently the news was so good that someone pre-released the results two days ago inciting a trading frenzy and forcing the company to call for a trade halt until its official publication of results. Those results were broadcast this morning and bullboarders commenced celebrating.
 
According to the news release, the company came back with results from four holes drilled at the project located in Nye County, Nevada, which it claimed corroborated its belief that there are higher grade interior zones along well mineralized faults and fractures with the historic resource area that have not been fully defined or adequately tested by historic drilling. Shares jumped 23.08% on the news to $0.16 per share.



Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Copper Creek Gold Corp. (V.CPV, Stock Forum) 300.00%
Naturally Splendid Enterprises Ltd. (V.NSP, Stock Forum) 24.00%
Canamex Resources Corp. (V.CSQ, Stock Forum) 23.08%
POET Technologies Inc. (V.PTK, Stock Forum) 11.80%
Orbite Aluminae Inc. (T.ORT, Stock Forum) 11.67%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Cap-Ex Iron Ore Ltd. (V.CEV, Stock Forum) -50.00%
Pine Cliff Energy Ltd (V.PNE, Stock Forum) -6.54%
Levon Resources Ltd. (V.LVN, Stock Forum) -6.52%
Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (T.HNU, Stock Forum) -6.39%
Delphi Energy Corp. (T.DEE, Stock Forum) -4.61%


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