Stockhouse Canadian Small and Micro-cap Stock Report for Friday, February 4, 2011
TORONTO (SHfn) – Sabina Gold & Silver (TSX: T.SBB, Stock Forum) shares gained 11% to $5.88 on Friday after the miner outlined the objectives of its 2011 exploration program and budget for its Nunavut projects. The company said its Goose Camp is now open and being provisioned with drilling scheduled to begin in the next few weeks, approximately six weeks earlier than 2010.
As well, shares of RS Technologies (TSX: T.RS, Stock Forum) soared 197% to 58 cents as the manufacturer of composite products for infrastructure markets announced that NTE Nett AS (NTE), a Norwegian utility, has selected RStandard poles for an upcoming 132kV transmission line. The order is for the first 20 kilometers of NTE's Fiskumfoss-Bogna transmission line, a project that will ultimately extend for a total length of 50 kilometers, and involves 170 RStandard poles in H-frame and three pole structure configurations.
BIOX Corporation (TSX: T.BX, Stock Forum), meanwhile, reported first-quarter sales were $26,989,000 in Q1 2011, compared to $11,565,000 in Q1 2010, while earnings per share for the quarter were four cents, compared with a loss of five cents during the same period last year. BIOX is a renewable energy company that designs, builds, owns and operates biodiesel production facilities. BIOX stock popped 22% to $1.50.
Shares of Talon Metals (TSX: T.TLO, Stock Forum) jumped 15% to $2.12 after the junior explorer/developer announced initial results of the drilling program on Target Area 2 at its 100% owned Trairão Iron Project in Brazil, which included 50 meters of 41.07% iron.
And, Societe D'Exploration Miniere Vior Inc. (TSX: V.VIO, Stock Forum) Friday said it has entered into a letter agreement with Aurvista Gold Corporation in connection with the acquisition by Aurvista of a 100% ownership interest in the Douay gold property, located in the Abitibi region of Quebec. Vior currently has a 75% ownership interest in the Douay property while Aurvista has a 25% ownership interest. In order to acquire an additional 50% ownership interest in the Douay property, thereby bringing its total interest in the property to 100%, Aurvista must issue a minimum of 21.25 million shares to Vior. Vior shares surged 19% to 15.5 cents.
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