A potentially significant new customer sparked much speculation in a digital currencies stock Monday. Here’s some small stocks making big moves on Monday, June 3, 2019 (as of 4 pm EST):
ICOx Innovations Inc. (TSXV:ICOX), a digital currencies stock, powered 137% higher to $0.485 on Monday after announcing a new customer, Cathio, a public benefit corporation founded specifically in service of the Catholic economy, which is applying blockchain technology to offer an easy-to-use payment solution.
As well, shares of NuLegacy Gold Corporation (TSXV:NUG) plunged 44% to $0.05 as the junior explorer said effective immediately it has suspended all field exploration on its Red Hill property in the Carlin gold-trend of Nevada until improved markets for gold and junior gold stocks present better financing opportunities, or a joint venture or merger partner can be enrolled.
Saville Resources Inc.(TSXV:SRE), meanwhile, reported results for the first of four drill holes sampled from the Mallard Target at the Niobium Claim Group Property in Quebec, which included 0.70% Nb2O5 over 38.3 metres. Saville Resources stock moved up 13% to $0.045 following the announcement.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.