3 Canadian Small Stocks Making Big Moves On Tuesday

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Written by Sean Mason (SmallCapPower.com)

3 Canadian small cap stocks made big moves on the TSX on Tuesday, namely:

1. MacDonald Mines Exploration Ltd. (CVE:BMK) (MCDMF) shares powered 60% higher to $0.08 on Tuesday after the resource explorer announced that it has agreed to acquire six claims known as the “Charlevoix Silica Property” in Quebec. The property is adjacent to Rogue Resources’ Silicon Ridge Project, which hosts a 43-101 Measured and Indicated resource of 9.7Mt @ 98.6% SiO_2.

2. Naturally Splendid Enterprises Ltd. (CVE:NSP) (NSPDF) shares slipped 15% to $0.375 as the biotechnology company said it has experienced significant growth in gross revenue in 2016 ($6,333,460 YTD) though bulk sales slowed in the third quarter. The Company added that with completion of the final tranche of its private placement, it received an additional $3.2 million, which should give it the working capital to support increased sales and address the production bottlenecks it has been experiencing.

3. Lithium Americas Corp. (TSE:LAC) (LACDF) shares moved up 10% to $0.78 following their announcement that it had:

• re-branded its Hectatone Inc. clay minerals business as RheoMinerals Inc. and
• entered into a Technical Assistance and Royalty Agreement with Delmon Co Ltd., part of The Delmon Group of Companies in Saudi Arabia.
  • RheoMinerals will receive US$1.2 million in progress payments upon Delmon achieving certain construction and operational milestones in addition to the reimbursements of expenses and costs of technical personnel.
  • RheoMinerals will also receive royalties from the future Delmon Plant production.