Palladium Explorer Continues to Shine on IP Survey Results

Palladium One Mining Inc. (TSXV:PDM), a palladium explorer, continued to rise following results from the first IP survey at its property in Finland

Sean Mason | April 17, 2020 | SmallCapPower

Induced Polarization (IP) survey results attracted speculators to shares of a palladium explorer Friday. Here’s some small stocks making big moves on Friday, April 17, 2020 (as of 4 pm EST):

Palladium One Mining Inc. (TSXV:PDM) shares continued to move higher Friday, up 20% to $0.09 with a 50% gain since the palladium explorer announced on Tuesday that final results from the first Induced Polarization (IP) survey grid show that Kaukua East and the Infill grid have outlined a large chargeability anomaly that extends over a more than a four km strike length, representing the eastern extension of the palladium-dominant Kaukua South Zone in Finland.

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As well, shares of Sierra Wireless (TSX:SW) jumped 22% to $11.63 as the IoT solutions provider said it has entered into an agreement with Lion Point Capital, LP, an investment firm that holds approximately 9.4% of Sierra Wireless’ total shares outstanding, regarding the membership and composition of the Sierra Wireless Board of Directors.

Aleafia Health Inc. (TSX:ALEF), meanwhile, provided an update on its strategic growth initiatives, which included the successful transition to virtual clinic services with 3,300 remote patient consultations completed since March 16, 2020, as well as the last-mile home delivery for medical cannabis products expected to launch next week. Aleafia Health stock moved up 3% to $0.36.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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

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