Orbite Aluminae Inc. (
TSX: T.ORT,
Stock Forum) rose 1.7% to 3 cents Friday after the company said it has filed a preliminary short form prospectus.
The company said in a press release that the prospectus is not a commitment to undertake any financing, but offers flexibility over the normal course of business to fund the company’s Cap-Chat, Quebec facility for the production of high purity Alimuna and the demonstration of the company’s proprietary waste monetization technology.
Antibe Therapeutics (TSX: V.ATE, Stock Forum) plunged 86.6% to 5.5 cents. The company pulled in the reins today when the company announced that it had suspended development of its lead drug, ATB-346, amid safety concerns raised during its Phase I clinical trial.
According to the news release, concerns were raised when significant liver enzyme elevations were found in one subject in the highest dose cohort. Additional liver enzymes were then found in other subjects in the higher dose cohorts.
Tanager Energy Inc. (TSX: V.TAN, Stock Forum) jumped 50% to 6 cents. The company had reason to celebrate today when the company announced the results from its production test flows at its first Joffre well located in Central Alberta which is the company is an operator, holding 50% interest in the project while Viking Investments Group holds the remaining interest.
According to the news release, the aforementioned well had a stabilized rate of 290 boe/d at 475 psi (235 barrels of oil and 325 mcf/d of gas) over a 12 hour period. The fluid produced was 100% high gravity oil.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Elkwater Resources Ltd. (V.ELW, Stock Forum) |
20.00% |
| Platinum Group Metals Ltd. (T.PTM, Stock Forum) |
16.00% |
| Kicking Horse Energy Inc. (V.KCK, Stock Forum) |
14.58% |
| Espial Group Inc. (T.ESP, Stock Forum) |
14.50% |
| Questor Technology Inc. (V.QST, Stock Forum) |
13.85% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Antibe Therapeutics Inc. (V.ATE, Stock Forum) |
-86.59% |
| Trilogy Energy Corp. (T.TET, Stock Forum) |
-12.72% |
| Horizons BetaPro S&P\/TSX Capped Energy Bear Plus ETF (T.HED, Stock Forum) |
-11.86% |
| Horizons BetaPro COMEX Silver Bear Plus ETF (T.HZD, Stock Forum) |
-10.25% |
| Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (T.HOD, Stock Forum) |
-10.06% |