Resource Junior Surges on Gold Drill Results

Published:

QMX Gold Corporation (TSXV:QMX), a resource junior, soared after announcing drill results from the Bonnefond Deposit

Sean Mason | August 18, 2020 | SmallCapPower

High-grade gold results sparked much speculation in shares of a resource junior Tuesday. Here’s some small stocks making big moves on Tuesday, August 18, 2020 (as of 4 pm EST):

QMX Gold Corporation (TSXV:QMX) shares powered 81% higher to $0.335 on Tuesday after the resource junior announced results from the ongoing exploration drilling program on the Bonnefond Deposit in Quebec, which included 6.48 grams per tonne (g/t) gold over 73.2 metres.

Win Big With Our Small Cap Picks

 

As well, shares of Ceapro Inc. (TSXV:CZO) gained 22% to $0.84 as the biotechnology company said the first milestone of its ongoing collaboration with McMaster University to develop an inhalable therapeutic for COVID-19 was fully achieved and the second milestone is near completion.

QX Metals Corp. (TSXV:QX) stock, meanwhile, slipped 17% to $0.355 a day after the Company reported  that it will acquire 100% of the Big Balds Gold project in Nevada, located less than 10km west of the Bald Mountain Mine. Shares of QX Metals jumped 70% on Monday.

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:

Related articles

Recent articles