An EPA letter provided a dose of optimism for investors in a resource junior Friday. Here’s some small stocks making big moves on Friday, May 29, 2020 (as of 4 pm EST):
Northern Dynasty Minerals Ltd. (TSX:NDM) shares climbed 13% to $1.78 on Friday after the resource junior announced that a letter issued by the U.S. Environmental Protection Agency (EPA) confirming the Environmental Impact Statement (EIS) process for the Company’s proposed Pebble mine in Alaska is “proceeding well,” and effectively addressing all issues and concerns raised by EPA, the U.S. Fish and Wildlife Service and other cooperating agencies.
As well, shares of Laurentian Bank of Canada (TSX:LB) slipped 9% to $28.44 as the financial institution said it will reduce its quarterly dividend by 40% to $0.40 per share.
Thunderbird Entertainment Group Inc. (TSXV:TBRD), meanwhile, reported a 40% increase in its third-quarter revenue to $29.3 million, along with a 45% surge in its quarterly Adjusted EBITDA to a record $6.9 million. Thunderbird Entertainment stock moved up 11% to $1.30 following the announcement.
Finally, Reliq Health Technologies Inc. (TSXV:RHT) shares fell 15% to $0.33 after the mobile health and telemedicine solutions provider announced a 359% year-over-year increase in its third-quarter revenue. The Company added that it doesn’t expect to need to raise funds to reach profitability in Calendar Year 2020.
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.