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.

Win Big With Our Small Cap Picks


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.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: