Gold Explorer Shines on Drill Results

Roscan Gold Corporation (TSXV:ROS), a gold explorer, jumped after announcing drill results from its Mankouke South Target

Sean Mason | May 4, 2020 | SmallCapPower

West African assay results propelled shares of a gold explorer sharply higher Monday. Here’s some small stocks making big moves on Monday, May 4, 2020 (as of 4 pm EST):

Roscan Gold Corporation (TSXV:ROS) shares climbed 40% to $0.365 on Monday after the gold explorer announced drill results from an additional four holes totaling 771 metres at its Mankouke South Target in Mali, which included 4.84 grams per tonne (g/t) gold over 62.0 metres.

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As well, shares of Antibe Therapeutics Inc. (TSXV:ATE) slipped 10% to $0.64 as the biotechnology company said ongoing hospital restrictions, clinic closures and complexities arising from remote working constraints have slowed Veristat’s data collection, validation and analysis, which will delay top-line results for the Phase 2B dose-ranging, efficacy study for its lead drug, ATB-346 that targets chronic pain and inflammation.

StageZero Life Sciences, Ltd. (TSX:SZLS), meanwhile, reported that it has entered into an enhanced relationship with Phleb-Finders, which is expected to introduce StageZero and its COVID-19 testing to Phleb-Finders’ broad network. StageZero Life Sciences stock moved up 12% to $0.145 following the announcement.

Finally, Balmoral Resources Ltd. (TSX:BAR) shares continued to move higher Monday, up 19% to $0.62 following a 5% gain on Friday, after the gold junior announced a new gold discovery on its Fenelon Property in Quebec, with drill results that included 2.97 metres grading 307.89 g/t gold.

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

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