The start of Nevada drilling sparked a move upward for shares of a lithium explorer Thursday. Here’s some small stocks making big moves on Thursday, February 22, 2018 (as of 4 pm EST):
Iconic Minerals Ltd. (TSXV:ICM) shares climbed 23% to $0.135 on Thursday after the lithium explorer announced that it has received all federal and state permits to begin drilling one deep drill target to test the grade and thickness of lithium bearing sediments, including six shallow drill targets to test near-surface lithium brine targets defined by broad-spaced surface geochemical sampling and geophysics, at the Bonnie Claire Project in Nevada.
As well, shares of Clearwater Seafoods Incorporated (TSX:CLR) slipped 17% to $4.58 as the vertically-integrated seafood company said the Department of Fisheries and Oceans Canada confirmed that Five Nations Clam Company is the recipient of a licence to harvest 25% of the total allowable catch for Arctic surf clams effective January 1, 2018. Clearwater had agreed to be the operational partner with 13 Mi’kmaq bands from Nova Scotia in their proposal for the licence, which was not successful.
DiaMedica Therapeutics Inc. (TSXV:DMA), meanwhile, reported the first patient enrollment in its Phase 2 REMEDY trial assessing the safety, tolerability and markers of therapeutic efficacy of DM199 in patients suffering from acute ischemic stroke at the Royal Melbourne Hospital in Melbourne, Australia. DiaMedica Therapeutics stock moved up 18% to $0.33 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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Iconic Minerals Ltd. (TSXV:ICM) shares climbed 23% to $0.135 on Thursday after the lithium explorer announced that it has received all federal and state permits to begin drilling one deep drill target to test the grade and thickness of lithium bearing sediments, including six shallow drill targets to test near-surface lithium brine targets defined by broad-spaced surface geochemical sampling and geophysics, at the Bonnie Claire Project in Nevada.
