Alaska drill results sparked much speculation in shares of a gold junior Wednesday. Here’s some small stocks making big moves on Wednesday, May 6, 2020 (as of 4 pm EST):
Freegold Ventures Limited (TSX:FVL) shares surged 113% to $0.17 on Wednesday after the gold junior announced assay results from the temporarily-suspended drill program on its Golden Summit Project in Alaska, which included 188 metres grading 3.69 grams per tonne (g/t) gold.
As well, shares of Real Matters Inc. (TSX:REAL) climbed 23% to $20.14 as the network management services platform for the mortgage and insurance industries said its U.S. Appraisal and U.S. Title revenues hit a record high during Q2 2020, while generating consolidated Adjusted EBITDA of US$14.6 million in the quarter, up from $2.8 million during the same period last year.
Datametrex AI Limited (TSXV:DM), meanwhile, reported that it has secured non-exclusive rights to sell COVID-19 test kits from two additional South Korean manufacturers, including a kit that is U.S. Food & Drug Administration approved under Coronavirus Disease 2019 (COVID-19) Emergency Use Authorizations for Medical Devices for the United States. Datametrex stock moved up 9% to $0.175 following the announcement.
Finally, Tower Resources Ltd. (TSXV:TWR) shares gained 100% to $0.04 after the junior explorer announced partial results from its drill program on the Company’s Nechako gold project in the Golden Triangle area of British Columbia, which included a 7.1 metre core intercept grading 2.75 g/t gold and 40.2 g/t silver.
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.
Freegold Ventures Limited (TSX:FVL) shares surged 113% to $0.17 on Wednesday after the gold junior announced assay results from the temporarily-suspended drill program on its Golden Summit Project in Alaska, which included 188 metres grading 3.69 grams per tonne (g/t) gold.
 on Wednesday.){kind=link}