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Microcap Report: Copper Mountain Mining (T.CUM) jumps while Redknee Solutions (T.RKN) dumps

Stockhouse Editorial
0 Comments| August 7, 2014


Copper Mountain Mining (TSX:CUM, Stock Forum) pushed operations forward at its Copper Mountain mine located in southern British Columbia when the company announced today that it had completed the construction of a permanent secondary crusher.
 
According to the news release, the crusher was completed on schedule and within the $40.0 million budget with the subsequent testing and commissioning moving forward smoothly. Shares were up 3.77% to $2.75 per share.
 
Redknee Solutions (TSX:RKN, Stock Forum) disappointed investors today when the company announced its Q3 2014 financial results.
 
According to the news release, the provider of real-time monetization and subscriber software, upped revenue by 9% to $63.9 million from $58.6 million reported in the matching 2013 quarter, however gross profit was down to $27.9 million from $32.0 million filed in the same 2013 period. Shares were down 14.53% to $4.00 per share.


Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Goldstrike Resources Ltd. (V.GSR, Stock Forum) 78.95%
POET Technologies Inc. (V.PTK, Stock Forum) 29.25%
Richmont Mines Inc. (T.RIC, Stock Forum) 23.81%
Castle Mountain Mining Company Limited (V.CMM, Stock Forum) 13.24%
PanTerra Resource Corp. (V.PRC, Stock Forum) 11.11%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Redknee Solutions Inc. (T.RKN, Stock Forum) -14.53%
Western Lithium USA Corporation (T.WLC, Stock Forum) -12.20%
WesternZagros Resources Ltd. (V.WZR, Stock Forum) -11.11%
NeuLion, Inc. (T.NLN, Stock Forum) -11.02%
Exchange Income Corporation (T.EIF, Stock Forum) -8.89%


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