11:50 a.m.: Solar Alliance Energy, Caliber Mining shares power higher
Shares of Solar Alliance Energy Inc (TSXV:SOLR) soared 36% to $0.095, on a volume of more than 1.6 million shares, on Tuesday after the solar energy solutions provider announced that its Third-quarter 2022 revenue had soared 990% year-over-year to $2,753,628, the largest quarterly solar revenue in its history, as the company said it was continuing construction of its backlog of projects under contract.
Additionally, shares of Caliber Mining Corp (TSX: CXB) gained 11% to $0.82 as the mid-tier gold producer revealed the results of the 2022 drilling program at its $100-held gold project. % in Nevada, which included 6.6 grams per tonne (g/t) gold over 5.8 meters.
Caliber noted that the results show indications of Pug-like deep feeding systems.
NG Energy International Corp (TSXV:GASX), meanwhile, announced what it called positive test results at the Brujo-1x well in Colombia. The gas junior said a total of 276.5 feet (out of a total of 389 feet of potential gas thickness in the Ciénaga de Oro formation) has been perforated with gas production rates of 11.2 million standard cubic feet per day (MMscf/d) from DST-2, 18.2 MMscf/d from DST-3 and 21.2 MMscf/d from DST-4.
Its stock rose 9% to $0.97 after the announcement.
And, shares of Southern Energy Corp (TSXV: SOU) rose 7% to $0.99 on Tuesday after the natural gas and light oil producer with assets in Mississippi reported net income of $6.6 million. dollars for the 3rd quarter of 2022, compared to 4.3 million dollars the previous year. , on sales of $19.2 million, or 268% more than the same period last year.
READ: Southern Energy posts strong third quarter as it ramps up production amid rising commodity prices
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