Gold Junior Shines on Nevada Results

Corvus Gold Inc. (TSX:KOR), a gold junior, jumped after announcing results from its Mother Lode project

Sean Mason | May 13, 2020 | SmallCapPower

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.

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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.

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

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