Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, June 7, 2012
TORONTO (SHfn) – Seafield Resources (TSX: V.SFF, Stock Forum) shares powered as much as 30% higher to 17.5 cents on volume of more than 2.7 million shares Thursday after the micro cap explorer reported further results from the ongoing 5,000-metre diamond drill program at its Miraflores Deposit in Colombia, which included 26.0 metres of 3.86 grams per tonne (g/t) gold.
As well, shares of First Uranium (TSX: T.FIU, Stock Forum) moved up 88% to 15 cents on more than 5.8 million shares traded as the uranium miner announced an agreement to sell Mine Waste Solutions and its subsidiaries to AngloGold Ashanti, as well as an agreement to sell the Ezulwini Gold Mine and related assets to Gold One International for a total of US$405 million in cash.
Grizzly Discoveries (TSX: V.GZD, Stock Forum), meanwhile, reported that it has spent approximately $1.7 million in exploration on its potash and gold properties during 2012. Grizzly Discoveries stock popped 30% to 35 cents.
And, Network Media Group (TSX: V.NME, Stock Forum) Thursday said it is cancelling the proposed private placement, previously announced in the news release of March 20, 2012, due to current market conditions. The company also announced that its wholly-owned subsidiary, Network Entertainment Inc., won three Leo Awards for its 2012 feature documentary, I Am Bruce Lee. Network Media shares rose 25% to 10 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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