Junior Explorer Surges on Assay Results

GT Gold Corp. (TSXV:GTT), a junior explorer, climbed after announcing assay results for its Tatogga property in B.C.’s Golden Triangle

Sean Mason | October 10, 2018 | SmallCapPower

More promising Golden Triangle drill results sparked much speculation in shares of a junior explorer Wednesday. Here’s some small stocks making big moves on Wednesday, October 10, 2018 (as of 4 pm EST):

GT Gold Corp. (TSXV:GTT) shares jumped 46% to $1.14 on Wednesday after the junior explorer announced assay results for the latest holes from the Saddle North target on its wholly-owned Tatogga property in the Golden Triangle district of British Columbia, which included 363 metres of 1.02 g/t gold, 0.51% copper, 1.72 g/t silver.

Win Big With Our Small Cap Picks

 

As well, shares of BlackPearl Resources Inc. (TSX:PXX) rose 9% to $1.41 as the heavy oil and natural gas company said it has agreed to be acquired by International Petroleum Corp. (TSX:IPCO) in all-stock transaction. BlackPearl shareholders will receive 0.22 shares of IPC for each BlackPearl share held.

Neovasc Inc. (TSX:NVCN), meanwhile, reported that the U.S. Food and Drug Administration has granted Breakthrough Device designation to the Neovasc Reducer, a medical device for the treatment of refractory angina, which is not currently approved for commercial sale in the United States. Neovasc stock popped 13% to $3.57 following the announcement.

Finally, Theralase Technologies Inc. (TSXV:TLT) shares gained 13% to $0.34 after the clinical-stage pharmaceutical company announced that Theralase affiliated researchers have presented immunohistochemical analytical data supporting the use of TLD-1433 Photo Dynamic Therapy in the destruction of gastrointestinal dysplasia and esophageal cancer.

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: