Additional drill results provided further encouragement for a few speculators in a base metals explorer Monday. Here’s some small stocks making big moves on Monday, July 23, 2018 (as of 4 pm EST):
Adventus Zinc Corporation (TSXV:ADZN) shares climbed 13% to $0.90 on Monday after the base metals explorer and its partner and Salazar Resources announced additional results from the 2018 infill drilling program on the El Domo volcanogenic massive sulphide deposit as part of its Curipamba project in Ecuador, which included 5.09 metres of 2.67% copper, 21.59 g/t gold, 38.46% zinc, 338.8 g/t silver, and 5.32% lead for 37.88% copper equivalent.
As well, shares of International Frontier Resources (TSXV:IFR) plunged 51% to $0.10 as the oil and gas junior provided an operations update on production testing on its onshore oil and gas block Tecolutla in Mexico, in which Interval A and Interval B recovered a small amount of oil and had limited inflow.
Auxly Cannabis Group Inc. (TSXV:XLY), meanwhile, reported that its wholly-owned subsidiary, Kolab Project Inc., has received its sales licence from Health Canada, pursuant to the Access to Cannabis for Medical Purposes Regulations, which will allow Kolab to sell dried cannabis to registered Canadian medical patients across the country through its online portal. Auxly Cannabis moved up 2% to $0.89 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Adventus Zinc Corporation (TSXV:ADZN) shares climbed 13% to $0.90 on Monday after the base metals explorer and its partner and Salazar Resources announced additional results from the 2018 infill drilling program on the El Domo volcanogenic massive sulphide deposit as part of its Curipamba project in Ecuador, which included 5.09 metres of 2.67% copper, 21.59 g/t gold, 38.46% zinc, 338.8 g/t silver, and 5.32% lead for 37.88% copper equivalent.
