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.

Win Big With Our Small Cap Picks


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).

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: