Junior Gold Stock Glisters on Nugget Drill Results

Victoria Gold Corp. (TSXV:VIT), a junior gold stock, continued to gain ground after announcing results from the 2018 Nugget surface trench campaign

Sean Mason | January 22, 2019 | SmallCapPower

Yukon drill results has given a junior gold stock a bit of upward momentum Tuesday. Here’s some small stocks making big moves on Tuesday, January 22, 2019 (as of 4 pm EST):

Victoria Gold Corp. (TSXV:VIT), a junior gold stock, continued to move higher Tuesday, up 10% to $0.50 following a 6% gain on Monday and a 2% advance on Friday, after announcing analytical results from the 2018 Nugget surface trench campaign on the Dublin Gulch Property in the Yukon Territory, which included 124.0 metres of 3.50 g/t gold.

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As well, shares of Aurinia Pharmaceuticals Inc. (TSX:AUP) slipped 11% to $9.26 as the clinical-stage biopharmaceutical company released results for its exploratory Phase 2 head-to-head study evaluating the efficacy, safety and tolerability of voclosporin ophthalmic solution (VOS 0.2%) versus Restasis (cyclosporine ophthalmic emulsion 0.05%) for the treatment of dry eye syndrome, stating that both drugs were shown to be well-tolerated yet there was no statistical difference between VOS and Restasis for the primary endpoint as both drugs exhibited low drop discomfort scores.

Neovasc Inc. (TSX:NVCN), meanwhile, reported that the patent infringement action that Edwards Lifesciences had previously commenced in the Federal Court of Canada against Neovasc, Boston Scientific and Livanova, will be dismissed on a no-costs basis following a settlement agreement. Neovasc stock moved up 5% to $1.08 following the announcement.

Finally, CannTrust Holdings Inc. (TSX:TRST) shares rose 2% to $9.12 after the Canadian cannabis company announced that it has obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to begin immediately.

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

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