Commercial production and a guidance boost propelled shares of a junior gold miner Thursday. Here’s some small stocks making big moves on Thursday, June 13, 2019 (as of 4 pm EST):
Alacer Gold Corp. (TSX:ASR) shares climbed 10% to $4.10 on Thursday after the junior gold miner announced that commercial production has been achieved at its Çöpler sulfide plant in Turkey, effective May 31, 2019. The Company added that it has increased the oxide plant guidance range to 125,000 to 145,000 gold ounces from 90,000 to 110,000, due to the continued strong performance from the oxide plant.
As well, shares of Spectra7 Microsystems Inc. (TSX:SEV) gained 56% to $0.07 as the provider of analog semiconductor products for broadband connectivity markets said it and Tencent have launched the CRX (Copper Reach Extension) Consortium to accelerate the adoption of active copper cable products using technology from Spectra7.
Zomedica Pharmaceuticals Corp. (TSXV:ZOM), meanwhile, reported that it has completed initial development work on a blood-borne lymphoma cancer assay intended for use with its canine cancer liquid biopsy platform. Zomedica Pharmaceuticals stock popped 14% to $0.37 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.
Alacer Gold Corp. (TSX:ASR) shares climbed 10% to $4.10 on Thursday after the junior gold miner announced that commercial production has been achieved at its Çöpler sulfide plant in Turkey, effective May 31, 2019. The Company added that it has increased the oxide plant guidance range to 125,000 to 145,000 gold ounces from 90,000 to 110,000, due to the continued strong performance from the oxide plant.
