Resource Junior Soars on Development Speculation

Northern Dynasty Minerals Ltd. (TSX:NDM), a resource junior, shot up following the election of a new Governor in Alaska

Sean Mason | November 7, 2018 | SmallCapPower

U.S. midterm election results were good news for shares of at least one resource junior Wednesday. Here’s some small stocks making big moves on Wednesday, November 7, 2018 (as of 4 pm EST):

Northern Dynasty Minerals Ltd. (TSX:NDM), a resource junior, powered 27% higher to $0.93 on Wednesday following the election of a new Governor in Alaska, Republican Mike Dunleavy, who is thought to be supportive of the development of the Northern Dynasty’s Pebble Project.

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As well, shares of Jamieson Wellness Inc. (TSX:JWEL) slipped 11% to $19.61 as the provider of natural health products said it is narrowing its outlook for fiscal 2018, anticipating revenue in the range of $332 million to $337 million.

Identillect Technologies Corp. (TSXV:ID), meanwhile, reported that the Department of Public Health and Social Services of Guam has selected Identillect’s Delivery Trust to secure the email communications for their sensitive communication. Identillect Technologies stock popped 60% to $0.12 following the announcement.

Finally, BTU Metals Corp. (TSXV:BTU) shares continued to move higher Wednesday, up 25% to $0.125 following a 11% gain on Tuesday, after the junior explorer announced that it has commenced a drone survey over certain areas of its Dixie Halo project located in the Red Lake camp of northern Ontario.

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

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