Cobalt Explorer Climbs on Drill Results

LiCo Energy Metals Inc. (TSXV:LIC), a cobalt explorer, jumped after announcing results from the Glencore Bucke Property

Sean Mason | January 26, 2018 | SmallCapPower

Diamond drill results generated a bit of excitement in a cobalt explorer Friday. Here’s some small stocks making big moves on Friday, January 26, 2018 (as of 4 pm EST):

LiCo Energy Metals Inc. (TSXV:LIC) shares gained 13% to $0.17 on Friday after the cobalt explorer announced results from the Glencore Bucke Property Phase 1 diamond drilling program near Cobalt, Ontario, which included 0.55% Co over 5.00 metres from 28.00 to 33.00 metres.

Win Big With Our Small Cap Picks

 

As well, shares of Electrovaya Inc. (TSX:EFL) sank 27% to $0.415 as the manufacturer of lithium-ion batteries said its wholly-owned German subsidiary, Litarion GmbH, has initiated voluntary structured insolvency proceedings.

Invictus MD Strategies Corp. (TSXV:IMH), meanwhile, reported the sale of its first 120 kg of dried flower from AB Laboratories Inc. to Canopy Growth Corporation, putting it on track for achieving 26,000 kg run-rate production capacity for 2018 with net capacity of 22,150 kilograms to Invictus MD. Invictus MD stock moved up 6% to $2.35 following the announcement.

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: