Strong radioactivity moved the needle of the share price of a uranium junior Monday. Here’s some small stocks making big moves on Monday, February 10, 2020 (as of 4 pm EST):
IsoEnergy Ltd. (TSXV:ISO) shares powered 16% higher to $0.44 on Monday after the uranium junior announced that it has intersected two cases of strong radioactivity in initial drill holes of the winter drilling program at the Hurricane zone on the Company’s 100% owned Larocque East property in Saskatchewan’s Athabasca Basin. The Company added that geochemical assays are expected within four weeks.
As well, shares of Acasti Pharma Inc. (TSXV:ACST) slid 27% to $0.75 as the biopharmaceutical company said it plans to seek FDA guidance before unblinding TRILOGY 2 data, which is expected to delay reporting of TRILOGY 2 topline results until calendar Q3, 2020. The Company added that an investigation is underway into unexpected and inconsistent findings that may have negatively impacted results reported in TRILOGY 1.
HIVE Blockchain Technologies Ltd. (TSXV:HIVE), meanwhile, reported that it now anticipates an approximately 40% reduction in the Company’s operating and maintenance costs at its GPU mining facility in Sweden. HIVE Blockchain stock popped 36% to $0.395 following the announcement.
Medallion Resources Ltd. (TSXV:MDL) shares rose 10% to $0.11 after the rare earth junior announced that it has received inquiries from several rare-earth element (REE) refineries interested in receiving specifications and potential volumes of the Company’s REE concentrate product.
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.