On Monday, Canadian stock markets were closed for the Boxing Day holiday.
In Tuesday trading, Stans Energy (TSX: V.RUU, Stock Forum) shares climbed 75% to 21 cents on Tuesday after the micro cap explorer reported that it has acquired a mining licence for the former producing Rare Earth Elements (REEs) mine, Kutessay II, in Kyrgyzstan.
As well, shares of Corriente Resources (TSX: T.CTQ, Stock Forum) added 13% at $8.56 as the copper miner said it has signed a definitive agreement with CRCC-Tongguan Investment Co., Ltd., Tongling Nonferrous Metals Group Holdings Co., Ltd. and China Railway Construction Corporation Limited, which will acquire all of Corriente's outstanding shares for $8.60 per share in cash, or a total consideration of about $679 million.
Wednesday’s market action saw shares of Sonomax Hearing Healthcare (TSX: V.SHH, Stock Forum) shoot up 43% to 10 cents after the developer of in-ear technologies said it has completed Phase V, its final milestone in the development of its off-the-shelf, self-fitting, custom earpieces. The company is now in a position to roll out its prototype V4, establishing it as the world's only producer of instant self-fitting custom earpieces.
On Thursday, shares of Pershimco Resources (TSX: V.PRO, Stock Forum) jumped 17% to 14 cents as the micro cap miner reported that it has signed a letter of intent to acquire up to 85% of the Cerro Quema gold mining project in Panama. The project, on the Azuero Peninsula about 190 kilometres southwest of Panama City, unofficially has about 451,400 ounces of gold rated as measured and indicated resources.
Also, Medoro Resources (TSX: V.MRS, Stock Forum) shares gained 8% to 54 cents after the junior explorer said it has entered into a support agreement with Colombia Gold plc pursuant to which Medoro will offer to acquire all of the outstanding ordinary shares of Colombia Gold on a fully diluted basis in exchange for 33,333,333 Medoro common shares. The offer provides that 0.33409 of a Medoro common share will be issued for each Colombia Gold ordinary share that is validly tendered and accepted by Medoro. Medoro has also agreed to pay or cause to be paid outstanding indebtedness of Colombia Gold up to a maximum of $2.8 million upon acquisition of Colombia Gold.
And, in Friday trading, Canadian stock markets were closed for New Year’s Day.