A permitting announcement was good news for shareholders of a zinc explorer Friday. Here’s some small stocks making big moves on Friday, July 20, 2018 (as of 4 pm EST):
Blue Moon Zinc Corp. (TSXV:MOON) shares shot up 13% to $0.09 on Friday after the zinc explorer announced that it has received all necessary drill permits for the planned exploration and development programs at its Blue Moon Zinc Deposit in California.
As well, shares of Aimia Inc. (TSX:AIM) jumped 18% to $2.72 as the marketing and loyalty analytics provider unveiled further details of the future Aeroplan program, which will offer increased flexibility and an improved member experience.
Prophecy Development Corp. (TSX:PCY), meanwhile, reported that it intends to split its issued and outstanding common shares on the basis of 10 new shares for every 1 old share outstanding, which the Company hopes will enhance trading liquidity. Prophecy Development stock moved up 23% to $2.30 following the announcement.
Finally, Advance Gold Corp. (TSXV:AAX) shares sank 39% to $0.24 after the precious metals explorer announced the completion of Phase 1 drilling at the Tabasquena Silver mine in Mexico, with results that included 1.70 metres grading 9.46 g/t gold.
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.