Drill results and the discovery of a new gold mineralized zone sparked shares of a gold junior Wednesday. Here’s some small stocks making big moves on Wednesday, May 13, 2020 (as of 4 pm EST):
Corvus Gold Inc. (TSX:KOR) shares surged 16% to $2.58 on Wednesday after the gold junior announced that it has received results from the Central Intrusive Zone at its Mother Lode project in Nevada along with the discovered a new gold mineralized zone below the known existing Mother Lode deposit, which included 125.5 metres of 2.56 grams per tonne (g/t) gold.
As well, shares of Intertape Polymer Group Inc. (TSX:ITP) slid 16% to $10.97 as the manufacturer of a variety of paper and film based pressure-sensitive and water-activated tapes, polyethylene and specialized polyolefin films, protective packaging, engineered coated products and packaging machinery for industrial and retail use said its first-quarter revenue rose 0.4% to US$278.9 million, while Adjusted EBITDA for the period fell 2.0% to US$37.5 million, due primarily to an increase in SG&A.
CO2 GRO Inc. (TSXV:GROW), meanwhile, reported that it will install a CO2 Delivery Solutions VCO2 model with a Canadian cannabis micro-cultivator for a Commercial Feasibility. CO2 GRO stock moved up 23% to $0.16 following the announcement.
Finally, H2O Innovation Inc. (TSXV:HEO) shares rose 6% to $0.96 after the provider of water treatment solutions announced that its third-quarter 2020 revenue increased 11.6% to $36.1 million, adding that it sees “multiple opportunities ahead” in light of the COVID-19 crisis from its distribution network of Specialty Products and from its operation & maintenance business.
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.