Max Resource Corp. (TSXV:MXR), a precious metals explorer, powered higher after announcing results of a “cloud stitched” Long Wave InfraRed (LWIR) survey
Sean Mason | February 27, 2019 | SmallCapPower
Survey results from a Colombia gold bearing conglomerate sparked excitement in shares of a precious metals explorer Wednesday. Here’s some small stocks making big moves on Wednesday, February 27, 2019 (as of 4 pm EST):
Max Resource Corp. (TSXV:MXR) shares surged 14% to $0.445 on Wednesday after the precious metals explorer announced the results of a “cloud stitched” Long Wave InfraRed (LWIR) survey over a 1,000 sq. km area within its Choco Gold Bearing Conglomerate Project in Colombia, which appears to suggest a strong correlation between the gold bearing conglomerate Trial Pits and Outcrop sample sites and LWIR anomalies.
Hear Directly from CEO & President of Max Resources Corp. (TSXV:MXR) Brett Matich on Feb 28th, 2019. Register Now!
As well, shares of Reliq Health Technologies Inc. (TSXV:RHT) slid 29% to $0.265 as the mobile health and telemedicine solutions provider said it has commenced legal action against some former employees of the Company regarding what it claims to be misrepresentation, fraudulent conduct and inducing breach of contract by the individuals relating to events that resulted in the restatement of the Company’s financial statements on October 16, 2018.
Torstar Corporation (TSX:TS.B), meanwhile, reported that it expects earnings in 2019 to benefit from moderate growth at VerticalScope, continued relative stability in subscriber revenues and ongoing efforts to reduce costs, which it anticipates will help to mitigate continued pressures on print advertising revenues. Torstar Corporation stock moved up 7% to $0.95 following the announcement.
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