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Microcap Report: Acasti Pharma (V.APO) completes trials, Perseus Mining (T.PRU) receives VAT refunds

Stockhouse Editorial
0 Comments| July 9, 2014


Acasti Pharma (TSX:V.APO, Stock Forum), an emerging biopharmaceutical firm working on the research, development and commercialization of new krill oil-based omega-3 phospholipid therapy forms for the treatment and prevention of certain cardiometabolic disorders, announced today that the company had successfully completed the Phase II double-blind, placebo-controlled (TRIFECTA) study and the Pharmacokinetic (PK) trial.
                                         
According to the news release, the TRIFECTA trial was to determine the safety and efficay of CaPre® in reducing triglyceride levels in patients with mild to severe hypertriglyceridemia and the Pharmacokinetic trial was to evaluate blood profiles and bioavailability in healthy human volunteers taking single and multiple does of CaPre®. Shares bumped 8.41% on the news to $1.16 per share.
 
Almaden Minerals (TSX:AMM, Stock Forum) announced results from its ongoing 2014 Ixtaca Zone drill campaign at the company's wholly-owned Tuligtic project located in Mexico.
 
According to the news release, drilling was pursuant to an earlier 2014 resource update and PEA and was geared to upgrade resources remaining in the inferred category to the higher-confidence measured and indicated categories. Shares climbed 12.00% on the news to $1.68 per share.
 
Perseus Mining (TSX:PRU, Stock Forum) value-added tax refund train is coming in as the company announced today that the Government of Ghana had dispersed two more installments of VAT refund repayments as scheduled.
 
According to the new release, payments of GH¢10.0 million (US$3.0m) and GH¢17.6 million (US$5.8m) were received on June 24, 2014 and July 8, 2014 respectively. Shares gained 10.64% on the news to $0.52 per share.



Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Canamex Resources Corp. (V.CSQ, Stock Forum) 25.00%
Talon Metals Corp. (T.TLO, Stock Forum) 20.83%
Cayden Resources Inc. (V.CYD, Stock Forum) 17.50%
Parkit Enterprise Inc. (V.PKT, Stock Forum) 15.69%
Continental Gold Limited (T.CNL, Stock Forum) 13.53%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Marksmen Energy Inc. (V.MAH, Stock Forum) -32.73%
POET Technologies Inc. (V.PTK, Stock Forum) -13.82%
IntelliPharmaCeutics International Inc. (T.I, Stock Forum) -12.98%
Dalradian Resources Inc. (T.DNA, Stock Forum) -8.82%
Exchange Income Corporation (T.EIF, Stock Forum) -7.58%


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