Assay results from a base metals explorer generated a bit of speculation Monday. Here’s some small stocks making big moves on Monday, July 9, 2018 (as of 11:30 am EST):
Wolfden Resources Corporation (TSXV:WLF) shares jumped 14% to $0.28 on Monday after the base metals explorer announced assay results from the ongoing infill and expansion drill program on its wholly-owned Pickett Mountain Project in Maine, which included 4.7 metres grading 24.0% zinc, 10.0% lead, and 267 g/t silver.
As well, shares of Precision Drilling Corporation (TSX:PD) rose 7% to $4.74 as the energy services company said it has been awarded one new build ST-3000 drilling rig in Kuwait under a five year take-or-pay contract with an optional one-year extension.
Pretium Resources Inc. (TSX:PVG), meanwhile, reported that it produced 187,000 ounces of gold during the first half of 2018 at its Brucejack mine in British Columbia and expects to produce 200,000 to 220,000 gold ounces during the second half of the year. Pretium Resources stock moved up 14% to $12.06 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.
Wolfden Resources Corporation (TSXV:WLF) shares jumped 14% to $0.28 on Monday after the base metals explorer announced assay results from the ongoing infill and expansion drill program on its wholly-owned Pickett Mountain Project in Maine, which included 4.7 metres grading 24.0% zinc, 10.0% lead, and 267 g/t silver.
