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Junior miner jumps on project sale report

Sean Mason Sean Mason, Freelance
0 Comments| November 23, 2012

Stockhouse Canadian Small and Micro-cap Stock Report for Friday, November 23, 2012   

TORONTO (SHfn) – McEwen Mining (TSX: T.MUX, Stock Forum) shares powered 8% higher to $3.74 on Friday after Bloomberg reported  that company Chairman and CEO Rob McEwen may sell the Los Azules copper project in Argentina and use the proceeds to help finance its plan to become one of the world's biggest gold producers.

As well, shares of Pretium Resources (TSX: T.PVG, Stock Forum) gained 9% to $14.15 as CIBC raised its rating on the stock to “sector perform.”

Groundstar Resources (TSX: V.GSA, Stock Forum), meanwhile, said it has entered into agreements whereby it will acquire a total of 50% working interest in Alberta heavy oil assets. Groundstar stock moved up 35% to 27 cents.   

And, Guerrero Exploration (TSX: V.GEX, Stock Forum) Friday announced that Michelle Robinson has joined the Board of Directors and has accepted the position of VP Exploration. Robinson is currently the President of Minera Camargo S.A. de C.V. and Minera Croesus S.A. de C.V., both mining and exploration companies in Mexico. Guerrero Exploration shares added as much as 10% before closing unchanged at 10 cents.   

Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Foundation Resources Inc. (V.FDN, Stock Forum) 40.00%
Comstock Metals Ltd. (V.CSL, Stock Forum) 40.00%
Viking Gold Exploration Inc. (V.VGC, Stock Forum) 33.33%
Brixton Energy Corp. (V.BRX, Stock Forum) 33.33%
Inspiration Mining Corporation (T.ISM, Stock Forum) 27.78%
Top Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
La Quinta Resources Corporation (V.LAQ, Stock Forum) -50.00%
J.A.G. Ltee (Les Mines) (V.JML, Stock Forum) -35.71%
Brookwater Ventures Inc. (V.BW, Stock Forum) -33.33%
Thor Explorations Ltd. (V.THX, Stock Forum) -30.77%
Cortez Gold Corp. (V.CUT, Stock Forum) -27.78%

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