Stockhouse Canadian Small and Micro-cap Stock Report for Friday, October 14, 2011
TORONTO (SHfn) – PMI Gold (TSX: V.PMV, Stock Forum) shares powered 60% higher to 93 cents on Friday after the gold junior announced a 270% increase in the NI 43-101 gold resources for its flagship Obotan Gold Project in Ghana, West Africa, to 1.22 million ounces Measured, 2.00 million ounces Indicated, and 1.29 million ounces Inferred. The company added that this paves the way for completion of a Pre-Feasibility Study on a gold mine development by the end of this year.
As well, shares of Kilo Goldmines (TSX: V.KGL, Stock Forum) rose 19% to 19 cents as the micro cap explorer reported results from four diamond drill holes and four trenches on its Canal Prospect, Somituri Project in Democratic Republic of Congo, which included 7.71 grams per tonne (g/t) gold over 12.6 metres.
Rodinia Oil (TSX: V.ROZ, Stock Forum), meanwhile, said its 80% owned Mulyawara-1 exploration well in Australia reached a total measured depth of 2691.3 metres and was officially plugged and abandoned on October 13, 2011. Rodinia stock plunged 70% to 23 cents.
And, Rockwell Diamonds (TSX: T.RDI, Stock Forum) late Thursday announced second-quarter revenue of $9.2 million as well as a net profit for the period of $2.0 million. Rockwell Diamonds shares climbed 14% to 66 cents on Friday.
| Top Canadian Small/Micro-cap Advancers (as of 1 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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