Biopharma Stock Rises on Study Results

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Aurinia Pharmaceuticals Inc. (TSE:AUP), a biopharma stock, moved higher after announcing additional lupus nephritis study results

Sean Mason | April 21, 2017 | SmallCapPower

Promising lupus nephritis drug study results sparked investor interest in a biopharma stock Friday. Here’s some small stocks making big moves on Friday, April 21, 2017 (as of 4 pm EST):

Biopharma stock Aurinia Pharmaceuticals Inc. (TSX: AUP) gained 2% to $9.61 on Friday after announcing additional 48-week results from its global Phase IIb AURA-LV (AURA) study in lupus nephritis during the National Kidney Foundation 2017 Spring Clinical Meetings, which the Company said showed continued improvements in renal and extra-renal outcomes.

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As well, shares of Energizer Resources Inc. (TSX: EGZ) climbed as much as 10% before ending unchanged at $0.10 as the graphite junior said it has revised Phase 1 of its mine development plan for its 100%-owned Molo Graphite Project in Madagascar to now include significant production and added that the completion of an updated Feasibility Study to reflect this development is imminent.

Home Capital Group Inc. (TSX: HCG), meanwhile, reported that it expects to earn $0.90 a share in its first-quarter and $1.02 on an adjusted diluted basis. This compares with $0.92 and $0.96, respectively, during the same period last year. Home Capital Group stock moved up 9% to $19.25 following the announcement.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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