Resource Explorer Moves up on Deposits Acquisition

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.

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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.

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