Gold Junior Jumps on Assay Results

Published:

Aurion Resources Ltd. (TSXV:AU), a gold junior, glistered after announcing assay results from its Risti Project

Sean Mason | February 5, 2019 | SmallCapPower

Drill results from Finland attracted the attention of a few gold junior speculators Tuesday. Here’s some small stocks making big moves on Tuesday, February 5, 2019 (as of 4 pm EST):

Aurion Resources Ltd. (TSXV:AU) shares surged 28% to $1.25 on Tuesday after the gold junior announced new assay results from the Aamurusko prospect on its Risti Project in Finland, which included 42.28 g/t gold over 4.00 metres.

Win Big With Our Small Cap Picks

 

As well, shares of Tetra Bio-Pharma Inc. (TSXV:TBP) sank 26% to $0.78 as the biopharmaceutical company said it has temporarily suspended its Phase 3 clinical program due to impurities found in its PPP001 investigational drug being administered to patients.

Solarvest BioEnergy Inc. (TSXV:SVS), meanwhile, reported that it has signed a non-binding letter of intent with FSD Pharma Inc. (CSE:HUGE), under which Solarvest would conduct research using its algal expression technology to develop pharma-grade cannabinoids. Solarvest would then grant FSD Pharma an exclusive license over a subset of the Project Cannabinoids and certain royalty rights over all of the other Project Cannabinoids. Solarvest BioEnergy stock popped 53% to $0.305 following the announcement.

Finally, Sable Resources Ltd. (TSXV:SAE) shares rose 6% to $0.195 after the junior explorer announced that it has initiated a second stage of drilling at its Margarita project in Mexico, consisting of a minimum of 19 holes for a total of 3000 meters.

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:

Related articles

Recent articles