Stockhouse Canadian Small and Micro-cap Stock Report for Friday, March 16, 2012
TORONTO (SHfn) – Starcore International Mines (TSX: T.SAM, Stock Forum) shares powered as much as 20% higher to 45 cents on volume of more than 2.3 million shares Friday after the gold and silver miner reported second-quarter revenue of $15.0 million and earnings of $3.5 million, or three cents per fully-diluted share. Starcore earned a penny per fully-diluted share during the same period last year.
As well, shares of Canaco Resources (TSX: V.CAN, Stock Forum) rose as much as 13% to $1.20 on more than 2.6 million shares traded as the junior explorer announced new assay results from diamond drilling at the Magambazi gold project in Tanzania, which included 59.4 metres of 3.98 grams per tonne (g/t) gold.
Invicta Energy (TSX: V.VCA, Stock Forum), meanwhile, reported operational and financial results for 2011. The company said proved plus probable reserves surged 485% to 2,545 mboe as of December 31, 2011. Generated funds flow from operations was $903,091, or two cents a share, for the year. Invicta Energy stock popped 11% to 30 cents.
And, ProSep (TSX: T.PRP, Stock Forum) Thursday said it was awarded two contracts for a total value of $2.3 million. ProSep is a technology-focused process solutions provider to the upstream oil and gas industry. ProSep shares gained 21% to 11.5 cents on Friday.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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