Operational and financial results powered shares of a junior gold miner Friday. Here’s some small stocks making big moves on Friday, May 24, 2019 (as of 4 pm EST):
Fiore Gold Ltd. (TSXV:F) shares climbed 9% to $0.295 on Friday after the junior gold miner announced a 68% increase in its second-quarter consolidated operating cash flow to US$2.87 million, while consolidated all-in-sustaining costs for the quarter improved to US$986 per ounce from US$1,052 during the same period last year.
As well, shares of Siyata Mobile Inc. (TSXV:SIM) rose 11% to $0.445 as the provider of cellular communications systems for enterprise customers said it has been working with Tier 1 US carrier sales teams in numerous jurisdictions and first responder counties in the United States, completing installations and trials, in which orders are expected upon commercial launch, which the Company added “is now imminently upon us.”
Burcon NutraScience Corporation (TSX:BU), meanwhile, reported that it has entered into a joint venture partnership with an investor group to build a new C$65 million pea-protein and canola-protein commercial production facility in Western Canada. The protein production facility is planned to initially process approximately 20,000 tonnes of peas per year starting in mid-2020. Burcon NutraScience stock popped 51% to $1.13 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.