Gold Explorer Slides on Assay Results

Adamera Minerals Corp. (TSXV:ADZ), a gold explorer, fell after announcing what it called “disappointing” assay results at its Cooke Mountain project

Sean Mason | March 13, 2018 | SmallCapPower

“Disappointing” drill results dragged down shares of a gold explorer Tuesday. Here’s some small stocks making big moves on Tuesday, March 13, 2018 (as of 4 pm EST):

Adamera Minerals Corp. (TSXV:ADZ) shares sank 44% to $0.095 on Tuesday after the gold explorer announced what it called “disappointing” assay results results for the first and second drill holes on the SE-01 VTEM target at its Cooke Mountain project in Washington State, which returned elevated gold values up to 0.3 g/t in zones with sulfide mineralization.

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As well, shares of Chesswood Group Limited (TSX:CHW) rose 11% to $10.74 as the commercial equipment finance provider for small and medium-sized businesses said it generated operating earnings of $32.1 million in 2017, compared to $30.3 million in 2016.

WeedMD Inc. (TSXV:WMD), meanwhile, reported that it anticipates planting its first crop over the next month, and with its first harvest expected in July 2018, the Company’s annual production will increase from 1,500 kg to more than 21,000 kg. WeedMD stock moved up 4% to $2.02 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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