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MicroCap Report: GeneNews (T.GEN) still climbing, Aureus Mining (T.AUE) dulls

Stockhouse Editorial
0 Comments| March 7, 2016


GeneNews (TSX: GEN, Forum) shot up again in the markets today in the wake of the company announcing that it had acquired full control of Innovative Diagnostic Laboratory by entering into a unit purchase agreement with Cobalt Healthcare Consultants for its 50% ownership in Innovative.
 
According to the news release published three days ago, GeneNews will assume any and all of Cobalt’s liability regarding Cobalt’s US$1.0 Secured Demand Promissory Note payable to form IDL partner, HDL USA Holdings. No other consideration will be paid. Shares were up 78.95% on high volume trading to $0.17 per share.
 
Aureus Mining (TSX: AUE, Forum) fell on the boards today based on no material news. The last release by the company came out five days ago noting that it had reached commercial production at the New Liberty Gold Mine located in Liberia.
 
According to that news release, the company declared commercial production as of March 1st and stated that February production exceeded 9,000 ounces of gold with an operating gold recovery rate of 90% by the end of February. Shares were down 24.39% to $0.155 per share.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
GeneNews Limited (T.GEN, Stock Forum) 78.95%
TransAtlantic Petroleum Ltd. (T.TNP, Stock Forum) 65.83%
Nuvo Pharmaceuticals Inc. (T.NRI, Stock Forum) 55.96%
Scandium International Mining Corp. (T.SCY, Stock Forum) 40.91%
U3O8 Corp. (V.UWE, Stock Forum) 40.00%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Aureus Mining Inc. (T.AUE, Stock Forum) -24.39%
DB Crude Oil Double Short ETN (DTO, Stock Forum) -11.72%
Silver Standard Resources Inc. (T.SSO, Stock Forum) -11.65%
Sphere 3D Corp (ANY, Stock Forum) -10.97%
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (T.HOD, Stock Forum) -9.70%



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