Stockhouse Canadian Small and Micro-cap Stock Report for Monday, February 3, 2014 VANCOUVER (SHfn) –
Minco Gold Corp. (
TSX: T.MMM,
Stock Forum) climbed 15% to 54 cents despite announcing that the company is not aware of any material undisclosed development at this time that would cause today's
upward movement in the company's share price. Minco is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties.
Matamec Exploration Inc. (
TSX: V.MAT,
Stock Forum) was up 13.3% to 8.5 cents. The stock is reacting to news that the junior miner’s Kipawa HREE project is
strategically positioned to benefit from Quebec's electrification of transport as per KPMG-SECOR study. According to the press release, Quebec has assets to overcome the challenges associated with the deployment of electric cars. Rare earths, and most notably heavy rare earths, are essential materials in components of electric motors and batteries.
According to the results of the KPMG-SECOR study, a reasonable scenario in the Quebec market would see 165,000 electric vehicles by 2020, adding $107 million to Quebec's economy and creating 1,800 jobs. Note that the Quebec government 2011-2020
Action Plan for Electric Vehicles sets the goal of reaching 300,000 electric cars in Quebec by 2020.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Neovasc Inc. (V.NVC, Stock Forum) |
35.76% |
| LX Ventures Inc. (V.LXV, Stock Forum) |
15.79% |
| Heroux-Devtek Inc. (T.HRX, Stock Forum) |
8.21% |
| ProMetic Life Sciences Inc. (T.PLI, Stock Forum) |
7.94% |
| Continental Gold Limited (T.CNL, Stock Forum) |
6.59% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Western Troy Capital Resources Inc. (V.WRY, Stock Forum) |
-50.00% |
| Pacific Cascade Minerals Inc. (V.PCV, Stock Forum) |
-50.00% |
| Luna Gold Corp. (V.LGC, Stock Forum) |
-13.29% |
| Alexander Energy Ltd. (V.ALX, Stock Forum) |
-9.86% |
| Liquor Stores N.A. Ltd. (T.LIQ, Stock Forum) |
-9.62% |