Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, May 22, 2012
TORONTO (SHfn) – Eco (Atlantic) Oil & Gas (TSX: V.EOG, Stock Forum) shares climbed 18% to 80 cents on Tuesday after the oil and gas explorer said it has received an independent Lead Report for blocks "2111B" and "2211A," collectively the "Guy Block" in the Walvis Basin, offshore Namibia, which included a (P50) best estimate of 9.2 billion barrels of gross prospective oil.
As well, shares of Fireswirl Technologies (TSX: V.FSW, Stock Forum) shot 31% to 17 cents as the provider of electronic and mobile commerce solutions and GSI Commerce jointly announced their partnership, which will enable GSI’s ecommerce services in China.
Sterling Resources (TSX: V.SLG, Stock Forum), meanwhile, reported that it has been informed by the Breagh field operator, RWE Dea UK, of a probable cost and schedule overrun on its Breagh development project. Sterling Resources stock dropped 21% to $1.02.
Shares of Erdene Resource Development (TSX: T.ERD, Stock Forum) rose 14% to 32.5 cents after the junior miner said it has entered into a definitive agreement to sell its real estate and associated royalty interest in the Granite Hill property to an arm's length, third party for US$3.35 million in cash.
And, Focus Ventures (TSX: V.FCV, Stock Forum) Tuesday announced that it has sold its Santo Domingo claims to Fresnillo Peru S.A.C., a subsidiary of Fresnillo plc., for US$1.1 million in cash. Focus Ventures shares jumped as much as 19% to 21.5 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
To read more articles by Sean Mason please click here