Biopharma Penny Stock Climbs on Government Approval

Pediapharm Inc. (CVE:PDP), a biopharma penny stock, moved up after Health Canada approved its drug for Seasonal Allergic Rhinitis

Sean Mason | July 21, 2016 | SmallCapPower

Allergy relief made more than a few biopharma penny stock shareholders feel better Thursday, while drill results weighed on a gold junior. Here’s some small stocks making big moves on Thursday, July 21, 2016 (as of 4 pm EST):

Biopharma penny stock Pediapharm Inc. (CVE:PDP) jumped 10% to $0.27 on Thursday after announcing that Health Canada has approved rupatadine for the relief of the symptoms associated with Seasonal Allergic Rhinitis, Perennial Allergic Rhinitis and Chronic Spontaneous Urticaria in patients two years of age and older.

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As well, shares of NuLegacy Gold Corporation (CVE:NUG) slipped 11% to $0.275 as the gold explorer released assay results for the first 10 holes of the 40+ hole (10,000 meter) 2016 exploration program on its 100% owned Iceberg oxide gold deposit in Nevada. Results included 0.52 g/t gold over 35.1 metres.

Arctic Star Exploration Corp. (CVE:ADD), meanwhile, reported that it has acquired 40,831 hectares of mineral claims in the Western Athabasca Basin of Saskatchewan, which will be known as the Diamond Dunes Project, in consideration for $25,000 cash plus one million Arctic Star shares. Arctic Star Exploration stock moved up 60% to $0.04.

Finally, Dynasty Metals & Mining Inc. (TSE:DMM) shares surged 33% to $0.20 after the miner announced that an agreement has been reached between Elipe, SA, Dynasty’s Ecuadorian subsidiary, and the Zaruma gold mine workers such that, effective immediately, these miners return to work at Zaruma and continue mining activities.

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