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.

Win Big With Our Small Cap Picks

 

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.

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

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: