Macarthur Minerals Limited (CVE:MMS), a lithium explorer, climbed after locating lithium near surface in the Lida Valley, Nevada
Sean Mason | October 21, 2016 | SmallCapPower
Near-surface results put a charge in shares of a lithium explorer Friday. Here’s some small stocks making big moves on Friday, October 21, 2016 (as of 4 pm EST):
Macarthur Minerals Limited (CVE:MMS) shares powered 36% higher to $0.075 on Friday after the lithium explorer announced that it has located lithium near surface in the Lida Valley, Nevada, the basin adjacent to the Clayton Valley. All nine shallow auger drill holes reported lithium, with grades up to 145.5 parts per million lithium from near surface sediment.
As well, shares of Darnley Bay Resources Limited (CVE:DBL) climbed 41% to $0.225 as the resource junior said it has agreed to purchase Tamerlane Ventures’ former producing Pine Point assets located 42 kilometers east of Hay River, N.W.T., which contains 42 known zinc-lead deposits over a strike length of approximately 68 kilometres.
Celestica Inc. (TSE:CLS), meanwhile, reported third-quarter financial results that surpassed analyst estimates for both revenue and earnings. Celestica stock moved up 11% to $15.30 following the announcement.
Finally, Concordia International Corp. (TSE:CXR) shares gained 14% to $5.98 after the specialty pharmaceutical company announced that Mark Thompson will step down as Chief Executive Officer of the Company following the appointment of a successor.
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. 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.
