Better-than-expected financial results sent shares of a junior gold miner surging Friday. Here’s some small stocks making big moves on Friday, May 3, 2019 (as of 4 pm EST):
Pretium Resources Inc. (TSX:PVG) shares jumped 14% to $10.82 on Friday after the junior gold miner announced operating and financial results for the first quarter 2019 that exceeded Street expectations. The Company said its Brucejack mine generated nearly $40 million in cash from operations during the quarter, allowing it to pay down $20 million of debt ahead of schedule.
As well, shares of Eldorado Gold Corporation (TSX:ELD) slipped 18% to $4.57 as the gold producer revealed first-quarter financial results that fell short of analyst expectations on lower-than-expected sales volumes during the quarter.
Maxar Technologies (TSX:MAXR), meanwhile, reported that its insurance carriers have accepted the Company’s $183 million claim for loss arising from the WorldView-4 satellite on-orbit failure, and have agreed to pay Maxar that full amount under their insurance policies. Maxar Technologies stock moved up 24% to $8.74 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.