Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, September 22, 2009
TORONTO (SHfn) – A gold vein sparked excitement from more than a few speculators Tuesday, while uranium results also generated some interest.
Ascot Resources (TSX: V.AOT, Stock Forum) shares powered 124% higher to 95 cents on Tuesday after the micro cap miner announced results from the first 29 drill holes of the 2009 program in the Premier Gold Camp in British Columbia, which included 11 metres of 50 grams per tonne (g/t) gold.
As well, shares of CanAlaska Uranium (TSX: V.CVV, Stock Forum) moved up 50% to 22.5 cents as the junior explorer reported assay results from its August 2009, drill program at the Fond Du Lac Project in the Athabasca Basin, which included 40.4 metres averaging 0.32% U(3)O(8), including six metres averaging 1.13% U(3)O(8) (22.6 lb/ton).
Meanwhile, ERA Carbon Offsets (TSX: V.ESR, Stock Forum), through its wholly owned subsidiary, ERA Ecosystem Restoration Associates (ERA), announced that it has received Ministerial consent to proceed with the project design of an agroforestry/afforestation/reforestation project in Burundi. ERA will develop a project design document that addresses a range of considerations for implementing a forest-based carbon offset project within and adjacent to the Kibira National Park, including the transfer of carbon rights. ERA stock popped 28% to 65 cents.
Shares of Sirona Biochem (TSX: V.SBM, Stock Forum) surged 39% to 12.5 cents after the emerging biotech firm focused on diabetes and obesity reported that it is accelerating its drug development program following a visit to its French partner TFChem's new lab.
And, Lakeside Steel (TSX: V.LS, Stock Forum) Tuesday said it is interested in acquiring some or all of the assets of Barzel Industries Inc. through the Chapter 11 bankruptcy process. Barzel operates a network of 16 pipe and tube, manufacturing, processing and distribution facilities that serve a variety of industries, from construction and industrial manufacturing to transportation, infrastructure development and mining. Lakeside shares jumped 18% to 26.5 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |