Callinex Mines (TSX: V.CNX, Stock Forum) has been quietly at the wheel working on the development of prospective Flin Flon and Pine Bay VMS projects located near Flin Flon, Manitoba. However, regardless how well the company can hold the purse strings, exploration costs money and in this present depressed resource market, that money is hard to come by.
Therefore, it is especially
big news and a huge vote of confidence when juniors are able to procure funds to push forward exploration and that is just what Callinex has managed to do when the company announced today that it intends to complete a $3.0 million non-brokered private placement.
Shares were up 15.00% to $0.345 per share.
Oncolytics Biotech Inc (TSX: ONC, Stock Forum), a Calgary-based biotech firm working on virus therapeutics for the treatment of cancer, saw some major love in the market today. The company whose lead drug, Reolysin® is in the later stages of randomized human trials, hasn’t had any news in a week, but traders jumped on board anyway while
Stockhouse bullboarders speculated that good news was around the corner.
Shares were up 28.77% to $0.94 per share.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Oncolytics Biotech Inc. (T.ONC, Stock Forum) |
28.77% |
| Tethys Petroleum Limited (T.TPL, Stock Forum) |
22.58% |
| Theratechnologies Inc. (T.TH, Stock Forum) |
10.87% |
| Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF (T.HVI, Stock Forum) |
10.36% |
| Canexus Corporation (T.CUS, Stock Forum) |
8.63% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Cardinal Energy Ltd. (T.CJ, Stock Forum) |
-5.02% |
| Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (T.HOU, Stock Forum) |
-1.92% |
| Badger Daylighting Ltd. (T.BAD, Stock Forum) |
-1.84% |
| Torex Gold Resources Inc. (T.TXG, Stock Forum) |
-1.80% |
| AuRico Metals Inc. (T.AMI, Stock Forum) |
-1.00% |