Resource Junior Slides on Assay Results

Orestone Mining Corp. (TSXV:ORS), a resource junior, sank after announcing assay results from its Captain gold-copper project

Sean Mason | November 20, 2019 | SmallCapPower

Gold and copper assays tarnished shares of a resource junior Wednesday. Here’s some small stocks making big moves on Wednesday, November 20, 2019 (as of 4 pm EST):

Orestone Mining Corp. (TSXV:ORS) shares fell 33% to $0.08 on Wednesday after the resource junior announced assay results from the 2019 drilling program at its Captain gold-copper project in British Columbia, which included 91 metres grading 0.26 g/t gold and 0.065% copper from 112 metres.

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As well, shares of MAV Beauty Brands Inc. (TSX:MAV) gained 17% to $2.85 as the personal care company said its founder and CEO, Marc Anthony Venere, has acquired a total of 2,382,385 common shares of the Company on November 19, 2019, in an off-market transaction at a price of $2.40 per share.

Martello Technologies Group Inc. (TSXV:MTLO), meanwhile, reported second-quarter revenue of $3.1 million, a 59% year-over-year increase, while its loss from operations during the quarter swelled to $1,449,530 from a loss of $857,783 during the same period last year. Martello Technologies Group stock dropped 14% to $0.34 following the announcement.

Finally, Sienna Resources (TSXV:SIE) shares rose 14% to $0.04 after the junior explorer announced results from a two-hole drill program at its Slättberg project in Sweden, which included 0.55 meters averaging 0.22% nickel, 1.79% copper, and 4.15 g/t PGE (platinum group elements).

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

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