Golden Pursuit Resources Ltd. (TSXV:GDP), a resource explorer, gained ground after announcing the acquisition of five historic mines/deposits
SmallCapPower | October 28, 2020:
The acquisition of a former producing gold mine attracted a few speculators to shares of a resource explorer Wednesday. Here’s some small stocks making big moves on Wednesday, October 28, 2020 (as of 4 pm EST):
Golden Pursuit Resources Ltd. (TSXV:GDP) shares climbed as much as 17% on Wednesday after the resource explorer and project generator announced the acquisition of five historic small scale mines/deposits, including a former producing gold mine, at Gordon Lake in Canada’s Northwest Territories.
As well, shares of Neovasc Inc. (TSX:NVCN) sank 43% to $1.39 as the specialty medical device company said the United States Food and Drug Administration’s (FDA) Circulatory System Devices Advisory Panel has voted against declaring the Company’s Reducer as being effective for treatment of patients with refractory angina pectoris.
First National Financial Corporation (TSX:FN), meanwhile, reported that it will increase its annual dividend to $2.10 per share from $1.95 per share, in addition to paying a special dividend of $0.50 per share on December 15, 2020 to shareholders of record as of November 30, 2020. First National Financial stock moved up 9% to $38.20 following the announcement.
Disclosure: Neither the author nor his family 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.
, on Wednesday.){kind=link}