Gold Junior Climbs on Environmental Update

Lydian International Limited (TSX:LYD), a gold junior, rose after announcing that the current environmental audit of the Amulsar project has been concluded

Sean Mason | August 8, 2019 | SmallCapPower

A pending environmental audit decision provided encouragement to shareholders of a gold junior Thursday. Here’s some small stocks making big moves on Thursday, August 8, 2019 (as of 4 pm EST):

Lydian International Limited (TSX:LYD) shares jumped 33% to $0.12 on Thursday after the gold junior announced that the current environmental audit of the Amulsar project in Armenia has been concluded, and Government of Armenia will be ready to come to a conclusion on the matter next week.

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As well, shares of Medical Facilities Corporation (TSX:DR) sank 26% to $8.75 as the provider of specialty surgical hospitals said its second-quarter revenue decreased 5.2% to US$101.0 million, while Adjusted EBITDA fell to $19.1 million from $23.9 million during the same period last year.

High Liner Foods Incorporated (TSX:HLF), meanwhile, reported that its Q2 Adjusted EBITDA rose $5.9 million to $17.9 million and the Company added that it is confident that it will deliver Adjusted EBITDA improvement in 2019 and 2020. High Liner Foods stock moved up 16% to $10.40 following the announcement.

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

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