Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, July 31, 2012
TORONTO (SHfn) – Northern Tiger Resources (TSX: V.NTR, Stock Forum) shares jumped 35% to 13.5 cents on Tuesday after the micro cap explorer reported that trenching has exposed new gold mineralization on its 3Ace Project in the Yukon. Eleven continuous one metre chip samples taken along the strike of a new quartz vein exposure in the Sleeping Giant Zone returned from 0.06 to 226.68 g/t gold, with a weighted average of 50.3 g/t gold.
As well, sharers of Petroamerica Oil (TSX: V.PTA, Stock Forum) moved up 11% to 15 cents on volume of more than 1.5 million shares as the oil and gas junior announced the results of its Las Maracas-3 well drilled on the Los Ocarros Block in the Llanos Basin of Colombia, which produced light oil from a new deeper reservoir, the Gacheta Formation, at rates of 1,491 barrels of oil per day (bopd).
01 Communique (TSX: T.ONE, Stock Forum), meanwhile, said it received the Order from the United States Court of Appeals for the Federal Circuit in respect of the company's appeal in its patent litigation against LogMeIn Inc. remanding the case back to the district court for trial. The Order sided with 01 Communique and provides a claim construction in accord with the construction offered by 01 Communique. 01 Communique stock popped 44% to $1.22.
And, The Medipattern Corporation (TSX: V.MKI, Stock Forum) Tuesday reported that its MyTrak Mobile unit has received a lead order from Target Corporation for immediate delivery of the SMARTCOACH, mobile coaching and engagement device. SMARTCOACH is a wearable mobile health device supported with online management and coach advisors that help its customers make the lifestyle changes that positively impact their health and well being. Medipattern shares climbed 12% to 19 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
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