Gold Junior Climbs on Coarse Gold Discovery

Novo Resources Corp. (TSXV:NVO), a gold junior, rose after recovering what it called “significant coarse gold”

Sean Mason | August 22, 2019 | SmallCapPower

More than a few speculators took a shine to shares of a gold junior Thursday following the recovery of coarse gold. Here’s some small stocks making big moves on Thursday, August 22, 2019 (as of 4 pm EST):

Novo Resources Corp. (TSXV:NVO) shares gained as much as 10% on Thursday after the gold junior announced that it has recovered what it called “significant coarse gold” from bulk samples of surface gravels collected from test pits excavated next to its first exploration trench at its Egina gold project in Western Australia.

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As well, shares of WELL Health Technologies Corp. (TSXV:WELL) eased 7% to $1.73 as the provider of digital healthcare services said it generated record second-quarter revenue of $7,402,271, a 258% increase from the same period last year. Its Adjusted EBITDA loss for the quarter, however, rose to $556,255 from $287,054 a year earlier.

Millennial Esports Corp. (TSXV:GAME), meanwhile, reported that it has acquired a 51% stake in the motorsport simulator manufacturer, Allinsports. Millennial Esports stock moved up as much as 21% following the announcement.

Finally, Big Rock Brewery Inc. (TSX:BR) shares surged 22% to $5.74 after the craft beermaker announced that the Government of Alberta and the Alberta Gaming, Liquor and Cannabis agency have amended the mark-up policy for Alberta beer sales, which is anticipated to significantly reduce the Company’s overall beer tax and provide Big Rock with a pathway for sustainable growth moving forward.

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

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