Junior Gold Miner Climbs on Operational Results

Wesdome Gold Mines Ltd. (TSX:WDO), a junior gold miner, gained ground after announcing first-quarter operational, financial results

Sean Mason | May 9, 2019 | SmallCapPower

More than a few speculators took a shine to shares of a junior gold miner Thursday following first-quarter results. Here’s some small stocks making big moves on Thursday, May 9, 2019 (as of 4 pm EST):

Wesdome Gold Mines Ltd. (TSX:WDO) shares rose 5% to $4.31 on Thursday after the junior gold miner announced a 24% increase in its first-quarter revenue to $32.5 million, while its all-in-sustaining costs for the period decreased 2% to US$986 per ounce.

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As well, shares of Photon Control Inc. (TSX:PHO) slipped 16% to $1.18 as the developer and supplier of optical measurement technologies to the global semiconductor industry said its first-quarter revenue slid 42% to $8.0 million, which the Company attributed to significant year-over-year declines in capital spending within the semiconductor industry.

Aleafia Health Inc. (TSX:ALEF), meanwhile, reported that it has completed the largest adult-use cannabis order in the Company’s history, which is expected to generate proceeds exceeding $0.7 million. Aleafia Health stock moved up 3% to $1.71 following the announcement.

Finally, NTG Clarity Networks Inc. (TSXV:NCI) shares gained 80% to $0.045 after the networking solutions provider announced that it has been awarded a $2.4 million contract from one of the major banks in the Gulf area.

Aleafia Health Inc. (TSX:ALEF) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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