Resource Junior Surges on Gold Drill Results

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.

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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.

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

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