Gold Explorer Moves Up on Drill Results

Wallbridge Mining Company Limited (TSX:WM), a gold explorer, gained ground after announcing additional drill results from its Fenelon Gold Property

Sean Mason | October 2, 2018 | SmallCapPower

Shares of a popular gold explorer continued to trek higher Tuesday following the release of drill results. Here’s some small stocks making big moves on Tuesday, October 2, 2018 (as of 4 pm EST):

Wallbridge Mining Company Limited (TSX:WM) shares climbed 7% to $0.295 on Tuesday after the gold explorer announced additional results from the underground drill program at its 100%-owned Fenelon Gold Property in Quebec, which included 74.90 g/t gold over 5.66 metres.

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As well, shares of Acasti Pharma Inc. (TSXV:ACST) slid 12% to $1.75 as the biopharmaceutical company said it has elected to issue common shares to the holders of its outstanding convertible debentures in satisfaction of interest payable.

Prophecy Development Corp. (TSX:PCY), meanwhile, reported that it has signed a Memorandum of Agreement for voluntary cost recovery with the Bureau of Land Management, Mount Lewis Field Office to expedite permitting efforts for the Gibellini primary vanadium mining project in Nevada. Prophecy Development stock moved up 24% to $0.21 following the announcement.

Finally, iCo Therapeutics (TSXV:ICO) shares rose 16% to $0.11 after the biotech company announced that its licensee recently received Fast Track designation for iCo-008 use in bullous pemphigoid by the U.S. Food and Drug Administration (FDA). Under this license agreement, iCo may receive up to $32 million in milestone payments, beginning with a material payment upon first dose in a pivotal bullous pemphigoid trial.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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

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