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MicroCap Report: GeneNews (T.GEN) jumps, Metals Creek (V.MEK) fades

Stockhouse Editorial
0 Comments| March 4, 2016


GeneNews (TSX: GEN, Forum) shot up in the markets today when the company announced that it had acquired full control of Innovative Diagnostic Laboratory by entering into a unit purchase agreement with Cobalt Healthcare Consultants for its 50% ownership in Innovative.
 
According to the news release, GeneNews will assume any and all of Cobalt’s liability regarding Cobalt’s US$1.0 Secured Demand Promissory Note payable to form IDL partner, HDL USA Holdings. No other consideration will be paid. Shares were up 216.67% on high volume trading to $0.095 per share.
 
Metals Creek Resources (TSX: V.MEK, Forum) dipped on the boards today after the company released additional drill results from its on-going program at the Ogden property in the Timmins Gold Camp.
 
According to the news release, highlights included the possible extension of the Thomas Ogden mineralization 480 metres to the west, where the step out hole OG16-040 intersected 5.06 g/tonne gold over 24.4 metres. Shares fell 25.00% to $0.12 per share.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
GeneNews Limited (T.GEN, Stock Forum) 216.67%
Aureus Mining Inc. (T.AUE, Stock Forum) 41.38%
Lithium X Energy Corp. (V.LIX, Stock Forum) 40.00%
Copper Fox Metals Inc. (V.CUU, Stock Forum) 34.48%
Delphi Energy Corp. (T.DEE, Stock Forum) 31.25%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Metals Creek Resources Corp. (V.MEK, Stock Forum) -25.00%
Endeavour Mining Corporation Ordinary Shares (T.EDV, Stock Forum) -12.59%
Gold Standard Ventures Corp. (V.GSV, Stock Forum) -10.00%
DB Crude Oil Double Short ETN (DTO, Stock Forum) -9.57%
Canada Carbon Inc. (V.CCB, Stock Forum) -8.97%



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