GAL featured on Stockhouse ReeportFeatures
Oil Patch Deal Propels Stock
Wednesday, December 6, 2006
By Sean Mason
StockHouse Canadian Small and Micro-cap Stock Report for Wednesday, December 6, 2006
TORONTO (SHfn) - An acquisition created some excitement in the energy sector on Wednesday, while investors reacted positively to "promising" uranium results.
Trimox Energy (TSX: V.TRM.B, BullBoards) shares soared 52% to $9.70 on Wednesday after Titan Exploration (TSX: T.TTN.B, BullBoards) announced it has entered into an agreement to acquire all issued and outstanding shares of the Trimox.
Also, shares of Nuinsco Resources (TSX: T.NWI, BullBoards) shot up 17% to 92 cents as the miner reported what it called "promising" results from drilling at its Diabase Peninsula uranium property in Saskatchewan's Athabasca Basin.
Brilliant Mining (TSX: V.BMC, BullBoards), meanwhile, said underground resource definition drilling has commenced on the Deacon zone with one of the holes intersecting 4.12% nickel over 17.1 metres at the Lanfranchi Nickel Mine in Western Australia. Brilliant shares jumped 9% to 77 cents.
Galantas Gold (TSX: V.GAL, BullBoards), which is developing Ireland's only gold mine at Omagh, Co. Tyrone, announced progress in building its processing plant and associated infrastructure. Galantas stock climbed 7% to 30 cents.
Shares of Fiber Optic Systems Technology (TSX: V.FOX, BullBoards) surged 5% to $1.74 after the provider of patented fiber optic sensor systems said it is supplying a major North American Gas Transmission company with fiber optic slope indicators for ground movement monitoring near pipelines in western Canada.
And, Phoenix Matachewan Mines (TSX: V.PMM, BullBoards) Wednesday reported that Agnico-Eagle Mines has begun a drilling program on the Swanson gold ore body recently optioned from the company. Its shares gained 20% to 12 cents. Top Canadian Small/Micro-cap Decliners