Sean Mason | November 19, 2015 |
SmallCapPower
A big
stone discovery sparked excitement over a small diamond play Thursday, while a
biopharma stock continued to sink following an FDA meeting. Here’s some small
stocks making big moves on Thursday, November 19, 2015 (as of 4 pm EST):
Lucara Diamond Corp. (TSX:
LUC) shares surged 30% to $2.10 on Thursday after the diamond miner announced
that two white diamonds, an 813 carat stone and a 374 carat stone, have been recovered
from its Karowe mine in Botswana. The 813 carat stone was the second largest gem-quality
diamond ever mined.
As well,
shares of Telesta Therapeutics Inc.
(TSX:
TST) slid 39% to $0.24 as the late-stage therapeutics company revealed the
results of the US Food and Drug Administration’s (FDA) Joint Meeting of the
Cellular, Tissue and Gene Therapies Advisory Committee and Oncologic Drugs
Advisory Committee in regards to the safety and efficacy of Telesta’s
Biologics License Application (BLA) for MCNA. The Advisory Committee voted 18
no to 6 yes, with no abstentions, on the following question: “Does MCNA
have an overall favorable benefit-risk profile for the treatment of non-muscle
invasive bladder cancer at high risk of recurrence or progression in adult
patients who failed prior BCG immunotherapy, e.g., in patients who are
BCG-refractory or BCG-relapsing?”
Nemaska Lithium Inc. (TSXV: NMX), meanwhile, reported the signing of a Memorandum
of Understanding (MOU) with Johnson Matthey Battery Materials Ltd (JMBM), which
contemplates an up-front payment of C$12 million by JMBM in exchange for
services and products of the same value from the Nemaska Lithium Phase 1 Plant
and the subsequent commercial plant to be located in Shawinigan, Quebec. Nemaska
Lithium stock eased 14% to $0.365 following the announcement.
See
our recent Nemaska Lithium update here >>
Finally, Aphria Inc. (TSXV:
APH) shares slipped 14% to $1.26 after medical marijuana producer announced
a bought-deal financing agreement for gross proceeds of C$10,000,250 at a
price of C$1.30 per unit.
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