Canadian Energy Stock Powers Up on Helium Discovery

Desert Mountain Energy Corp. (TSXV:DME), a Canadian energy stock, surged after announcing that it has tested what it calls “significant Helium percentages”

Sean Mason | September 2, 2020 | SmallCapPower

A big potential helium find lifted a Canadian energy stock Wednesday. Here’s some small stocks making big moves on Wednesday, September 2, 2020 (as of 4 pm EST):

Desert Mountain Energy Corp. (TSXV:DME), a Canadian energy stock, climbed 23% to $1.70 on Wednesday after the Company announced that it has tested what it calls “significant Helium percentages” in its new exploratory wells in Arizona.

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As well, shares of Cardinal Resources Limited (TSX:CDV) shot up 31% to $0.90 as the gold junior said Nord Gold SE has increased its takeover offer price for Cardinal from A$0.66 to A$0.90 per share in cash.

MediPharm Labs Corp. (TSX:LABS), meanwhile, reported that its wholly-owned subsidiary has completed work associated with a Research and Innovation Collaboration Agreement with Georgian College for a Data and Analytics Insights project, which is expected to create efficiencies for the Company and drive performance. MediPharm Labs stock moved up 11% to $1.11 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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