Mining Penny Stock Powers Higher on Drill Results

Mining penny stock Trevali Mining Corporation (TSE:TV) moves up after reporting assay results from the Santander zinc mine in Peru

Sean Mason | June 2, 2016 | SmallCapPower

Assay results from a mining penny stock generated a bit of buying interest Thursday, while a tech play slipped on an agreement’s end. Here’s some small stocks making big moves on Thursday, June 2, 2016 (as of 4 pm EST):

TV logoTrevali Mining Corporation (TSE:TV) shares jumped 10% to $0.53 on Thursday after the zinc-focused, base metals mining company announced results from four new drill holes of its ongoing 2016 underground exploration drill program at the Santander zinc mine in Peru, which included 24.5 metres of 5.7% zinc, 4.0% lead, and 6.0 oz/t silver.

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As well, shares of Pivot Technology Solutions, Inc. (CVE:PTG) fell 8% to $0.425 as the provider of computing and communication infrastructure said its distribution, administrative services and license agreements with Austin Ribbon & Computer Supplies, Inc. will terminate on August 31, 2016.

ProMIS Neurosciences (TSE:PMN), meanwhile, reported that multiple unique therapeutic candidates have successfully completed the screening stage of validation, and will be further developed as potential treatments for Alzheimer’s disease. ProMIS Neurosciences stock moved up 29% to $0.09 following the announcement.

Finally, NexGen Energy Ltd. (CVE:NXE) shares rose 5% to $2.50 after the uranium project developer announced that it has entered into a binding term sheet with CEF Holdings Limited to issue and sell US$60 million in aggregate principal amount of unsecured convertible debentures.

NXE logoDid you know that NexGen Energy was one of our Top Stocks to Watch following PDAC 2016? Find out more here >>


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