More than a few speculators took a shine to shares of a gold explorer Thursday following drill results. Here’s some small stocks making big moves on Thursday, March 28, 2019 (as of 4 pm EST):
Compass Gold Corp. (TSXV:CVB) shares skyrocketed 404% to $0.58 on Thursday after the gold explorer announced results of the one diamond drill hole completed at the Ouassada exploration permit on its Sikasso Property in Mali, which included four metres of 83.82 g/t gold from 63 metres.
As well, shares of Valener Inc. (TSX:VNR) rose 11% to $26.15 as the energy investment company said it has agreed to be acquired by Noverco Inc. for $26.00 per common share in cash.
GeneNews Limited (TSX:GEN), meanwhile, reported that it has launched the first of several initiatives to make patient directed testing available nationwide, which includes partnering with PWNHealth, a national virtual care company that enables access to physicians who will facilitate and authorize diagnostic testing and provide guidance with test results. GeneNews stock moved up 25% to $0.175 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.
Compass Gold Corp. (TSXV:CVB) shares skyrocketed 404% to $0.58 on Thursday after the gold explorer announced results of the one diamond drill hole completed at the Ouassada exploration permit on its Sikasso Property in Mali, which included four metres of 83.82 g/t gold from 63 metres.
