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Copper junior jumps 38% on drilling announcement

Sean Mason Sean Mason, Freelance
0 Comments| January 3, 2013

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Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, January 3, 2012

TORONTO (SHfn) – Candente Copper (TSX: T.DNT, Stock Forum) shares surged 38% to 56 cents on Thursday after the copper project developer announced that exploration and feasibility drilling has begun on the Cañariaco property in Peru after receiving a government water permit, the final permit required.

As well, shares of Intertainment Media (TSX: V.INT, Stock Forum) rose 8% to 13 cents on volume of more than 1.3 million shares as the technology incubator said its Ortsbo subsidiary has launched its first localized business agreement effectively creating a partnership in The People's Republic of China.

Champion Iron Mines (TSX: T.CHM, Stock Forum), meanwhile, reported that it expects to release a Preliminary Feasibility Study for its 100% owned Consolidated Fire Lake North Project in Quebec sometime this month. Champion Iron Mines stock slipped 9% to 68 cents.

Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Solid Resources Ltd. (V.SRW, Stock Forum) 46.15%
Candente Copper Corp. (T.DNT, Stock Forum) 38.27%
Candente Gold Corp. (T.CDG, Stock Forum) 36.36%
Northcore Technologies Inc. (T.NTI, Stock Forum) 33.33%
BioExx Specialty Proteins Ltd. (T.BXI, Stock Forum) 26.32%
Top Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Conway Resources Inc. (V.CWY, Stock Forum) -50.00%
Royal Sapphire Corp. (V.RSL, Stock Forum) -40.00%
Camino Minerals Corporation (V.COR, Stock Forum) -34.62%
Reliance Resources Limited (T.RI, Stock Forum) -33.33%
Arcus Development Group Inc. (V.ADG, Stock Forum) -33.33%


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