Uranium Miner Powers Higher on Rare Earth Initiative

Energy Fuels Inc. (TSX:EFR), a uranium miner, sparked up after announcing its entry into the Rare Earth Element sector

Sean Mason | April 14, 2020 | SmallCapPower

A move into the rare earth space generated interest in shares of a uranium miner Tuesday. Here’s some small stocks making big moves on Tuesday, April 14, 2020 (as of 4 pm EST):

Energy Fuels Inc. (TSX:EFR) shares surged 19% to $2.15 on Tuesday after the uranium miner announced its entry into the Rare Earth Element sector by utilizing its licensed and constructed White Mesa Mill in Utah.

Win Big With Our Small Cap Picks

 

As well, shares of Organigram Holdings Inc. (TSX:OGI) slipped 12% to $2.22 as the Canadian cannabis company said its second-quarter 2020 net revenue fell 14% to $23.2 million.

Spectral Medical Inc. (TSX:EDT), meanwhile, reported that the United States Federal Food and Drug Agency (FDA) has approved a supplemental Investigational Device Exemption for the use of Spectral’s PMX cartridge in the treatment of patients with COVID-19. Spectral Medical stock popped 39% to $0.72 following the announcement.

Finally, Peeks Social Ltd. (TSXV:PEEK) shares gained 27% to $0.07 after the social network provider announced the launch of its new streaming service Mii.TV, a livestreaming service that allows individuals to socially interact and transact while physically isolated.

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: