Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, March 22, 2012
TORONTO (SHfn) – Corvus Gold (TSX: T.KOR, Stock Forum) shares powered as much as13% higher to 87 cents on Thursday after the micro cap explorer reported initial results from select intervals in the first three holes of the phase I Feeder Zone exploration program at its 100% controlled North Bullfrog Project in Nevada, which included 11.4 metres of 4.0 grams per tonne (g/t) gold.
As well, shares of Avion Gold (TSX: T.AVR, Stock Forum) slipped 12% to $1.20 on volume of more than 20.3 million shares as the gold junior announced that it is monitoring and keeping watch on events in Mali where it has been reported that members of the Army have mounted a coup attempt. Avion has 80% ownership of the Tabakoto and Ségala gold projects in Mali.
Colabor Group (TSX: T.GCL, Stock Forum), meanwhile, said it will be reducing its quarterly dividend to 18 cents per share from 26.91 cents in the previous quarter. Colabor is a wholesaler and distributor of food and non-food products serving the retail market. Colabor Group stock dropped 24% to $8.
And, Lexam VG Gold (TSX: T.LEX, Stock Forum) late Wednesday announced exploration results from 13 new holes at the Buffalo Ankerite Project in Timmins, which included 4.24 g/t gold over 16.6 metres. Lexam shares added as much as 7% at 32.5 cents on Thursday.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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