Unlisted Trading (September 09, 1991)

Unlisted market trading virtually ground to a halt during the week ended Sept. 3 as investors and brokers alike concentrated on enjoying the last long weekend of summer. The five most active stocks racked up a total volume of less than 200,000 shares.

Gaining 30 cents to close at 75 cents on a volume of 32,600, Mountain Beaver Resources is preparing to drill the Figuery copper-zinc-gold property near Amos, Que. The company has the option to earn a 50% in the property by spending $4 million over four years.

Van Ollie Explorations was also a relatively busy trader, topping the most active list as 63,500 shares changed hands. The junior explorer, which has raised more than $100,000 for a drill program on its gold property near Wawa, Ont., closed unchanged at 25 cents.

After failing to come up with any “significant base metal deposits or high gold values” on its Sakoose property near Dryden, Ont., Match Capital has decided to shelve the project for one year. At that time, it will assess the feasibility of further development and seek a joint venture partner. Match was 10 cents bid, 20 cents ask for the week.