Stockhouse Canadian Small and Micro-cap Stock Report for Friday, February 18, 2011
TORONTO (SHfn) – Torque Energy (TSX: V.TQE, Stock Forum) shares climbed 15% to 30 cents on Friday after the oil and gas explorer reported the receipt of its first milestone payment in the amount of $527,450 from Union Gas pursuant to the definitive Asset Purchase Agreement for the Dover East field natural gas storage reservoir previously announced on June 21, 2010.
As well, shares of The Medipattern Corporation (TSX: V.MKI, Stock Forum) soared 125% to 63 cents as the medical imaging software solutions provider said it has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its Visualize:Vascular product. Visualize:Vascular is designed to quantify image data; segmenting and measuring regions of interest in vessels. The product is now available for sale in the United States and first shipments are anticipated in the second quarter of this calendar year.
High Arctic Energy Services (TSX: T.HWO, Stock Forum), meanwhile, announced that it has signed several important contracts in Papua New Guinea. High Arctic stock popped 9% to 25 cents.
And, Resinco Capital Partners (TSX: T.RIN, Stock Forum) Friday reported that as of January 31, 2011, the company’s unaudited net asset value per share was 22 cents. Resinco shares rose as much as 21% to 17 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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