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MicroCap Report: Laurion Mineral Exploration pops amid pump and dump allegations

Stockhouse Editorial
1 Comment| July 10, 2015

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Laurion Mineral Exploration (TSX: V.LME, Stock Forum) saw a high volume fuelled jump in the market on the impending closure of the first tranche of a $6.0 million private placement which saw shares climb 50% in afternoon trading.

Some traders on the Stockhouse Bullboarders claimed that broker-based buying was going to send SP to $0.05 by the time the PP had closed. However, other traders followed these claims up quickly, accusing the aforementioned Bullboarder of being a professional pump and dump artist and provided a transaction history as proof to their allegations. Shares were up 25.00% to $0.025 per share.

Astrix Networks (TSX: V.OEE, Stock Forum), operating as Memex Automation, climbed in SP today as the company, a globally leading provider of manufacturing Machine to Machine (M2M) productivity software solutions, seemed to be picking up steam in the wake of a series of contract wins with its flagship product, MERLIN (Manufacturing Enterprise Real-time Lean Information Network), and IP acquisitions. Shares were up 18.42% to $0.225 per share.



Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Astrix Networks Inc. (V.OEE, Stock Forum) 18.42%
Theratechnologies Inc. (T.TH, Stock Forum) 8.88%
Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF (T.HVI, Stock Forum) 7.16%
Merus Labs International Inc. (T.MSL, Stock Forum) 6.90%
Knight Therapeutics Inc. (T.GUD, Stock Forum) 5.30%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Trican Well Service Ltd. (T.TCW, Stock Forum) -6.33%
PHX Energy Services Corp. (T.PHX, Stock Forum) -5.97%
Sherritt International Corporation (T.S, Stock Forum) -5.79%
Penn West Petroleum Ltd. (T.PWT, Stock Forum) -4.69%
Primero Mining Corp. (T.P, Stock Forum) -4.24%


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