A “significant” new discovery sparked much speculation in shares of a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, May 29, 2019 (as of 4 pm EST):
Great Bear Resources Ltd. (TSXV:GBR) shares continued to power higher Wednesday, up 9% to $3.85 following a 20% gain on Tuesday, after the gold explorer announced what it called a “significant new high-grade gold discovery” at its 100% owned Dixie Project in the Red Lake District of Ontario, which included 12.33 g/t gold over 14.00 metres.
As well, shares of QMX Gold Corporation (TSXV:QMX) rose 22% to $0.055 after the gold junior announced the final results from its winter drilling campaign on its Bonnefond target in Val d’Or, Quebec, which included 5.85 g/t gold over 6.7 metres.
Ucore Rare Metals Inc. (TSXV:UCU), meanwhile, reported that the Third District Court, Salt Lake Division, Salt Lake County, State of Utah has granted a motion submitted by Ucore to dismiss the January 4, 2019, Complaint filed by IBC Advanced Technologies against Ucore and some of its executives. Ucore Rare Metals stock moved up 48% to $0.23 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.
Great Bear Resources Ltd. (TSXV:GBR) shares continued to power higher Wednesday, up 9% to $3.85 following a 20% gain on Tuesday, after the gold explorer announced what it called a “significant new high-grade gold discovery” at its 100% owned Dixie Project in the Red Lake District of Ontario, which included 12.33 g/t gold over 14.00 metres.
