Shining production numbers sparked buying interest in shares of a junior gold miner Wednesday. Here’s some small stocks making big moves on Wednesday, July 10, 2019 (as of 4 pm EST):
Torex Gold Resources Inc. (TSX:TXG) shares continued to move higher Wednesday, up 8% to $14.64 following a 3% gain on Tuesday, after the junior gold miner announced Q2 2019 gold production of 113,600 ounces, about 12% higher than the previous quarterly production record set in Q3 2018.
As well, shares of CannTrust Holdings Inc. (TSX:TRST) slipped 13% to $4.12 as the Canadian cannabis company’s products were pulled from the shelves of the Ontario Cannabis Store after Health Canada said it was non-compliant with certain regulations.
LexaGene Holdings, Inc. (TSXV:LXG), meanwhile, reported that the test results from its first beta prototype placed at the Massachusetts Veterinary Referral Hospital has exceeded Company expectations. LexaGene stock moved up 23% to $0.69 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.