Canadian Medical Tech Stock Rises on COVID-19 Test Update

Therma Bright Inc. (TSXV:THRM), a Canadian medical tech stock, jumped after announcing that its partner has identified polypeptides for COVID-19 detection

Sean Mason | September 3, 2020 | SmallCapPower

A possible breakthrough in COVID-19 detection powered a Canadian medical tech stock Thursday. Here’s some small stocks making big moves on Thursday, September 3, 2020 (as of 4 pm EST):

Therma Bright Inc. (TSXV:THRM), a Canadian medical tech stock, climbed 11% to $0.155 on Thursday after announcing that its co-development partner, Orpheus Medica Inc., has identified a series of polypeptides for the screening and detection of the virus causing COVID-19.

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As well, shares of Nexus Gold Corp. (TSXV:NXS) sank 14% to $0.095 as the gold explorer said it has received additional assay results from the recently-completed Phase One drill program at its 100% owned McKenzie Gold Project located in Red Lake, Ontario, which included 117.5 meters of 0.62 grams per tonne (g/t) gold.

Orosur Mining Inc. (TSX:OMI), meanwhile, reported that Newmont Corporation intends to continue to exercise its rights and obligations with regard to the Anzá gold project in Colombia, which includes making a final cash payment of US$500,000. Orosur Mining stock moved up 44% to $0.13 following the announcement.

Finally, General Moly, Inc. (TSX:GMO) shares gained as much as 13% after the molybdenum development company announced that it has entered into a binding letter of intent to sell its Liberty Project to Pathfinder Minerals LLC for a total consideration of up to $3 million.

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

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