Gold Junior Soars on Assay Results

Freegold Ventures Limited (TSX:FVL), a gold junior, after announcing assay results from its Golden Summit Project

Sean Mason | May 6, 2020 | SmallCapPower

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.

Win Big With Our Small Cap Picks

 

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.

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: