Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, July 13, 2010
TORONTO (SHfn) – Silver Quest Resources (TSX: V.SQI, Stock Forum) shares jumped 16% to 52 cents on Tuesday after the micro cap miner said three new geochemical soil anomalies have been discovered using an X-Ray Fluorescence analyzer in combination with mechanical trenching at the Boulevard gold project in the Yukon Territory. The new anomalies are parallel, geochemically distinct and trend northwesterly. Silver Quest also announced the staking of approximately 1,900 new claims in the Dawson Range.
As well, shares of Lakeside Steel (TSX: V.LS, Stock Forum) moved up 17% to 37.5 cents as the diversified steel pipe and tubing manufacturer reported that first-quarter preliminary numbers suggest shipments of 53,719 tons, which represents a 268% improvement over Q1, 2010, as well as a 35% improvement over Q4 2010. These shipments would also represent a new quarterly shipping record for the company.
Forbes Energy Services (TSX: T.FRB, Stock Forum), meanwhile, announced the signing of a settlement agreement with Pennsylvania's Department of Environmental Protection (DEP) regarding the previously announced gas release incident which occurred on June 3, 2010. As a result of the settlement, Forbes' two workover rigs in Pennsylvania may now return to full service. Forbes stock popped as much as 11% to 50 cents.
And, International Northair Mines (TSX: V.INM, Stock Forum) Tuesday reported assay results from the first 11 of 15 drill holes from its phase I drill program recently completed at the La Cigarra silver project in Mexico, which included 32 meters of 132.4 grams per tonne (g/t) silver. Its shares climbed 19% to 10 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
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