Gold Explorer Jumps on Drill Results

Enduro Metals Corporation (TSXV:ENDR), a gold explorer, moved sharply higher after announcing drill results from its Newmont Lake Project

Sean Mason | July 6, 2020 | SmallCapPower

Golden Triangle assay results powered shares of a gold explorer Monday. Here’s some small stocks making big moves on Monday, July 6, 2020 (as of 4 pm EST):

Enduro Metals Corporation (TSXV:ENDR), formerly Crystal Lake Mining, shares surged 82% to $0.355 on Monday after the gold explorer announced drill results from its Newmont Lake Project in British Columbia’s Golden Triangle region, which included 144.00 metres of 3.18 grams per tonne (g/t) gold.

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As well, shares of BELLUS Health Inc. (TSX:BLU) plunged 72% to $4.53 following unsuccessful results from a Phase 2 clinical trial, RELIEF, evaluating escalating doses of lead candidate BLU-5937 in patients with refractory chronic cough.

Skeena Resources Limited (TSXV:SKE), meanwhile, reported that it will exercise its option to acquire 100% of the Eskay Creek gold-silver project in British Columbia. Skeena Resources stock moved up 13% to $2.25 following the announcement.

In addition, shares of Doubleview Gold Corp. (TSXV:DBG) climbed 47% to $0.25 as the junior explorer revealed recent developments with respect to estimations of metal values at its Hat Gold-Copper Project in British Columbia, in which mineral industry consultant Micon International Limited confirmed Doubleview’s identification of the Lisle Zone as an “alkalic copper-gold porphyry deposit with significantly elevated gold values.”

Finally, Docebo Inc. (TSX:DCBO) shares rose 9% to $42.29 after the AI-powered online learning platform announced a new partnership that will embed its Learning Management System with MHR International Group’s suite of HR technology.

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

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