NRG Metals Inc. (CVE:NGZ), a lithium explorer, moved higher after providing an update on a new target zone at the Salar Escondido Lithium Project in Argentina
A new potential lithium zone sparked a bit of excitement for shares of a lithium explorer Friday. Here’s some small stocks making big moves on Friday, October 20, 2017 (as of 4 pm EST):
NRG Metals Inc. (TSXV:NGZ) shares jumped 28% to $0.39 on Friday after the lithium explorer provided an update on the drilling progress at the Salar Escondido Lithium Project in Argentina. The target zone was identified as a zone of very low resistivity, which the Company believes represents a saturated saline brine zone with the potential to host lithium.
As well, shares of Concordia International Corp. (TSX:CXR) sank 39% to $0.72 as the specialty pharmaceutical company said it has taken a further step in its previously-announced efforts to realign its capital structure by commencing a court proceeding under the Canada Business Corporations Act, which will allow it to restructure certain debt obligations.
Titan Medical Inc. (TSX:TMD), meanwhile, reported the closing of a C$2,872,421 private placement at a price of $0.25 per share, with investors including more than a dozen robotic surgeons from the United States. Titan Medical stock moved up 35% to $0.44 following the announcement.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, 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.
NRG Metals Inc. (TSXV:NGZ) shares jumped 28% to $0.39 on Friday after the lithium explorer provided an update on the drilling progress at the Salar Escondido Lithium Project in Argentina. The target zone was identified as a zone of very low resistivity, which the Company believes represents a saturated saline brine zone with the potential to host lithium.
