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Microcap Report: Balmoral Resources (T.BAR) pushes ahead, Claude Resources (T.CRJ) bumps

Stockhouse Editorial
0 Comments| August 6, 2014

Balmoral Resources (TSX:BAR, Stock Forum) pushed operations forward at Detour Trend Project located in central Quebec when the company announced today that it had commenced a low-level, high-resolution airborne electromagnetic (“EM”) survey targeting additional occurrences of nickel-copper-PGE mineralization within the Grasset Ultramafic Complex (“GUC”).
According to the news release, the survey will utilize Geotech's state-of-the-art VTEMPlus helicopter EM and magnetic gradiometer system as it tracks over the GUC whose southern end hosts the company's high-grade Grasset nickel-copper-PGE discovery. Shares edged down 1.04% by the end of trading to $1.91 per share.
Claude Resources (TSX:CRJ, Stock Forum) announced financial and operational results today from its second 2014 quarter with a 53% increase in revenue period over period of $24.7 million from the sale of 17,690 ounces of gold.
According to the news release, the company also set new highs in safety and environmental performance as it brought in a net profit of $3.3 million or $0.02 per share. Shares were up 11.54% to $0.29 per share.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Paris Energy Inc. (V.PI, Stock Forum) 277.78%
Sirona Biochem Corp. (V.SBM, Stock Forum) 19.35%
Claude Resources Inc. (T.CRJ, Stock Forum) 11.54%
Petro One Energy Corp. (V.POP, Stock Forum) 11.24%
Canexus Corporation (T.CUS, Stock Forum) 10.71%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
POET Technologies Inc. (V.PTK, Stock Forum) -17.83%
Sphere 3D Corporation (V.ANY, Stock Forum) -11.55%
Sandstorm Gold Ltd. (V.SSL, Stock Forum) -7.06%
Canam Group Inc. (T.CAM, Stock Forum) -5.35%
Tekmira Pharmaceuticals Corporation (T.TKM, Stock Forum) -3.62%

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