More than a few speculators took a shine to gold assay results from a junior explorer in the Maritimes Tuesday. Here’s some small stocks making big moves on Tuesday, January 15, 2019 (as of 4 pm EST):
Transition Metals Corp. (TSXV:XTM) shares jumped 88% to $0.15 on Tuesday after the junior explorer announced assay results from a Rotary Air Blast drilling program completed at the Highland Gold property in Cape Breton, Nova Scotia, which included 9.14 metres grading 23.22 grams per tonne (g/t) gold.
As well, shares of Adamera Minerals Corp. (TSXV:ADZ) sank 46% to $0.035 as the gold explorer released assay results for drill hole OS18-02B at the Oversight Project in Washington State, which returned a “number of lower-grade gold intercepts.” The Company added, though, that results from OS18-04 drilled further to the north are pending.
NextSource Materials Inc. (TSX:NEXT), meanwhile, reported that it has received conditional approval for its Global Environmental Permit for the Molo Graphite Project from the Madagascar Ministry of Environment’s Office. NextSource Materials stock moved up 18% to $0.10 following the announcement.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Transition Metals Corp. (TSXV:XTM) shares jumped 88% to $0.15 on Tuesday after the junior explorer announced assay results from a Rotary Air Blast drilling program completed at the Highland Gold property in Cape Breton, Nova Scotia, which included 9.14 metres grading 23.22 grams per tonne (g/t) gold.
