Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, December 13, 2011
TORONTO (SHfn) – Rodinia Oil (TSX: V.ROZ, Stock Forum) shares sank 62% to 6.5 cents on Tuesday after the oil and gas explorer reported that its second exploration well, "Kutjara-1," in the Officer Basin, South Australia reached a total measured depth of 2,453.7 metres at the top of the interpreted Mesoproterozoic section. Although there were encouraging shows in the well, the wireline log data acquired after completion of drilling did not indicate any commercial accumulations of hydrocarbons. As a result, Rodinia has now plugged and abandoned the well.
As well, shares of Digital Shelf Space (TSX: V.DSS, Stock Forum) moved up 19% to 15.5 cents as the independent producer of home entertainment content announced that it has signed a new, long-term license agreement with Georges St-Pierre related to potential future fitness products and services under the RUSHFIT brand, effective December 12, 2011.
YM BioSciences (TSX: T.YM, Stock Forum), meanwhile, reported updated results from the ongoing Phase I/II study of its JAK1/JAK2 inhibitor, CYT387, for the treatment of myelofibrosis, which "continues to demonstrate a unique ability to render and maintain myelofibrosis patients transfusion independent for clinically-relevant periods, while also producing significant and durable improvements in their splenomegaly and constitutional symptoms." YM BioSciences stock popped 15% to $1.73.
And, Connacher Oil and Gas (TSX: T.CLL, Stock Forum) Tuesday said its Board of Directors has determined not to pursue the unsolicited, non-binding and conditional proposal received from a third party to acquire all of the outstanding shares of the company. Connacher shares slipped 13% to 78 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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