Graphite Junior Surges on Purchase Order

Canada Carbon Inc. (TSXV:CCB), a graphite junior, climbed after receiving an initial order for purified graphite

Sean Mason | March 5, 2020 | SmallCapPower

An initial purchase order propelled shares of graphite junior sharply higher Thursday. Here’s some small stocks making big moves on Thursday, March 5, 2020 (as of 4 pm EST):

Canada Carbon Inc. (TSXV:CCB) shares powered 33% higher to $0.30 on Thursday after the graphite junior announced that it has received an initial order from Analytical Reference Materials International, a subsidiary of LGC Standards Company, for 50,000 grams of the Miller thermally purified graphite.

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As well, shares of Clearwater Seafoods Incorporated (TSX:CLR) gained 12% to $5.65 as the vertically-integrated seafood company said it has initiated a formal strategic process to identify, review and evaluate a broad range of potential strategic alternatives in order to enhance shareholder value.

Sky Gold Corp. (TSXV:SKYG), meanwhile, reported that it is has begun the permitting process for diamond drilling on its newly-acquired Mustang and Virginia Properties in Newfoundland. The Virginia Property is contiguous to Labrador Gold Corp.’s (TSXV:LAB) Gander South project. Sky Gold stock moved up 13% to $0.09 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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