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Reuters (Toru Hanai)
Reuters (Toru Hanai)

Midnight Trader

Today's small-cap stocks to watch Add to ...

U3O8 Corp. , which closed 6 per cent higher yesterday, announced today an increase of 125 per cent in uranium resources estimated in accordance with National Instrument 43-101 from the Kurupung Project in Guyana.



Bolero Resources Corp. , which almost hit year lows yesterday, announced today that Paul Ogilvie has joined the company as chief executive officer effective immediately.



Nevado Resources Corp. today reported current mineral resource estimates for its Farrell-Taylor Vanadium-Titanium-Iron Deposit at the La Blache Project. The company said mineral resource estimates at Farrell-Taylor amounted to more than 100 million tonnes of high-grade vanadium-titanium-iron mineralization.



Canaccord Financial Inc. , which hit a new year low of $6.48 yesterday, reported a fourth-quarter net loss of $31.8-million compared to net income of $41.3-million a year earlier. Revenue of $177.7-million was down 28 per cent.



Coalspur Mines Ltd. announced it has increased the Vista South Coal Project Measured and Indicated Coal Resources to 470.5 million tonnes and upgraded the Inferred Coal Resource to 604.5Mt, following a recent drilling program.



Sterling Resources Ltd. , which fell 21 per cent and closer to a year low 85 cents yesterday on a possible project cost overrun, recorded a first-quarter net loss of $7.6-million ($0.03 per share) compared with a net loss of $21.5-million ($0.11 per share) for the year earlier period.



EPM Mining Ventures Inc. , which is trading near year lows, announced the receipt of a National Instrument 43-101 Mineral Resource Estimate for its Sevier Lake property in Utah.



NexGen Financial Corp. , which is trading near year lows, reported a net loss of $0.18-million, or $0.04 per share, for the first quarter compared with a net loss of $1.46-million, or $0.32 per share, for the same period in the prior year.



BSM Technologies Inc. , which is trading near a year low of 4 cents, said second-quarter net income of $338,000 represents a 213 per cent improvement over second-quarter 2011 net income of $108,000.



Porto Energy Corp. , which is trading near year lows, announced that its one year drilling rig contract with KCA Deutag has expired.

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