Gold Explorer Soars on Assay Results

Almadex Minerals Limited (CVE:AMZ), a gold explorer, powered higher after announcing drill results from its El Cobre porphyry copper-gold project

Sean Mason | August 8, 2016 | SmallCapPower

Drill results pumped up shares of a gold explorer Monday, while a graphite junior got a jolt. Here’s some small stocks making big moves on Monday, August 8, 2016 (as of 4 pm EST):

Almadex Minerals Limited (CVE:AMZ) shares surged 56% to $0.70 on Monday after the gold explorer announced drill results from its 100% owned El Cobre porphyry copper-gold project in Mexico, which included 43.00 meters of 1.61 g/t gold and 0.41% copper.

Win Big With Our Small Cap Picks

 

As well, shares of Aureus Mining Inc. (TSE:AUE) slid 17% to $0.065 as the West African gold producer said that since the restart of processing operations at the New Liberty Gold Mine in Liberia, the Company has experienced periods of unscheduled plant downtime as it works to resolve processing plant performance issues, testing and further optimisation activities.

Focus Graphite (CVE:FMS), meanwhile, reported that it has successfully purified fine flake graphite, sourced at its wholly-owned Lac Knife, Quebec deposit, from 95% to 99.99% purity using a proprietary purification process. Focus Graphite stock moved up 18% to $0.165 following the announcement.

Finally, Antibe Therapeutics Inc. (CVE:ATE) shares climbed 29% to $0.22 after the healthcare company announced what it called the “successful completion” of its Phase 2 clinical trial of ATB-346 in osteoarthritis.

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

DISCLAIMER

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.