A first drill program beginning provided a big boost to a precious metals exploration stock Tuesday. Here’s some small stocks making big moves on Tuesday, August 27, 2019 (as of 4 pm EST):
Casa Minerals Inc. (TSXV:CASA), an exploration stock, jumped 68% to $0.16 on Tuesday after announcing that it has begun the inaugural drilling program on its 100%-owned Pitman property in British Columbia. Previous exploration results included a one-metre chip sample that assayed 574.42 g/t gold and 109 g/t silver.
As well, shares of Antibe Therapeutics Inc. (TSXV:ATE) slid 16% to $0.355 as the biopharma company said enrollment of the last patient for its clinical trial to determine the efficacy of its lead drug ATB-346, involving patients with osteoarthritis of the knee, has been delayed from late calendar Q3 2019 to Q4 2019, which the Company attributed to its rigorous screening discipline and a temporary slowdown in patient recruitment due to the summer holiday period.
Karmin Exploration Inc. (TSXV:KAR), meanwhile, reported that it has agreed to be acquired by Nexa Resources S.A. (TSX:NEXA) for US$0.77 (C$1.02) per share in cash, or a total consideration of approximately US$69.3 million. Karmin Exploration stock popped 25% to $1 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.