Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, March 20, 2012
TORONTO (SHfn) – Montero Mining and Exploration (TSX: V.MON, Stock Forum) shares jumped 29% to 18 cents on Tuesday after the micro cap explorer announced that it has signed a non-binding Memorandum of Understanding (MOU) with Star Earth Minerals (Pvt) Limited, a rare earth chemical company based in India. Star is seeking to secure a consistent supply of Light Rare Earths from Montero's Wigu Hill REE Project in Tanzania in order to supply its customers in the glass, ceramic and catalyst industries.
As well, shares of Petro Viking Energy (TSX: V.VIK, Stock Forum) shot up 54% to 37 cents on volume of more 2.8 million shares as the oil and gas explorer/developer said it has entered into a letter of intent to acquire 100% of the issued and outstanding shares in the capital of Grisham Assets Corp. Grisham is a private company whose principal asset is an agreement to acquire an 80% interest in blocks 1810, 1710, and 2913B offshore the coast of Namibia, Africa, covering an area of more than 20,000km2.
Lorus Therapeutics (TSX: T.LOR, Stock Forum), meanwhile, reported that the Canadian Patent Office has issued the company's patent for its lead small molecule anticancer drug LOR-253. The patent provides Lorus with exclusive rights to LOR-253 in Canada until 2026. Lorus Therapeutics stock popped 29% to 22 cents.
Shares of MedX Health (TSX: V.MDX, Stock Forum) surged 23% to 24 cents on more than one million shares traded as the provider of low level laser light therapy and light imaging systems said it has received the first order from China through its distribution partner, Beijing Tagene Medical Co., Ltd.
And, The Medipattern Corporation (TSX: V.MKI, Stock Forum) Tuesday announced that it is the exclusive distributor for SonoCiné's Automated Whole Breast Ultrasound System (AWBUS) in Canada. AWBUS is used as an adjunct to mammography for breast cancer screening. Medipattern shares rose as much as 20% to 21 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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