High-grade copper/silver sample results sparked investor interest in shares of a resource junior Wednesday. Here’s some small stocks making big moves on Wednesday, March 4, 2020 (as of 4 pm EST):
Max Resource Corp. (TSXV:MXR) shares jumped 25% to $0.10 on Wednesday after the resource junior announced what it called a “high-grade outcrop discovery” within AM North’s flat-lying, stratabound copper + silver mineralized system at its CESAR copper/silver project in Colombia. Assays from AMN-2 returned 24.8% copper plus 230 g/t silver from a four-metre by one-metre rock chip panel.
As well, shares of Eastern Platinum Limited (TSX:ELR) slid 19% to $0.285 as the platinum group metals company said it has recently become aware of a further claim filed by 2538520 and its CEO, Rong Kai Hong, (Plaintiffs) regarding various allegations, including that the Company was acting to oppress the Plaintiffs’ rights among other claims.
Vaxil Bio Ltd. (TSXV:VXL), meanwhile, reported that the World Health Organization has included Vaxil in a list of companies and institutions working on a coronavirus (COVID-19) vaccine candidate. Vaxil Bio stock moved up as much as 15% before ending the day down 4% at $0.13 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.
Max Resource Corp. (TSXV:MXR) shares jumped 25% to $0.10 on Wednesday after the resource junior announced what it called a “high-grade outcrop discovery” within AM North’s flat-lying, stratabound copper + silver mineralized system at its CESAR copper/silver project in Colombia. Assays from AMN-2 returned 24.8% copper plus 230 g/t silver from a four-metre by one-metre rock chip panel.
, on Wednesday.){kind=link}