Dunnedin Ventures Inc. (TSXV: DVI), a diamond explorer, surged after announcing that it has identified a large gold-bearing greenstone belt
Sean Mason | January 31, 2017 | SmallCapPower
Gold, not diamonds, could be the best friend of investors in a diamond explorer Tuesday. Here’s some small stocks making big moves on Tuesday, January 31, 2017 (as of 4 pm EST):
Dunnedin Ventures Inc. (TSXV: DVI) shares jumped 17% to $0.27 on Tuesday after the diamond explorer announced that it has identified a large gold-bearing greenstone belt at the Kahuna diamond project in Nunavut.
As well, shares of First Global Data Limited (TSXV: FGD) gained 30% to $0.41 as the international financial services technology company said it has generated record revenue of $2.9 million in the month of December 2016.
Castle Silver Resources Inc. (TSXV: CSR), meanwhile, reported preliminary results from bench-scale metallurgical flotation and gravity test work aimed at evaluating the potential recovery of silver and cobalt from mineralized-material surface rock samples and tailings collected at the former Beaver Mine in Cobalt, Ontario and tailings from Castle Mine in Gowganda, Ontario. Silver and cobalt recoveries of 98.5% and 70.5%, respectively, produced a concentrate grade of 11,876 grams per tonne silver and 10.5% cobalt using a simple flotation process. Castle Silver Resources stock popped 36% to $0.075 following the announcement.
Finally, Aeterna Zentaris Inc. (TSX: AEZ) shares powered 17% higher to $4.03 as the specialty biopharmaceutical company announced the completion of Zoptrex Pivotal Phase 3 clinical trial in patients with advanced endometrial cancer, with top-line results expected in April 2017.
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