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Resource Explorer Climbs on Cobalt Property Acquisition

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Reading time: 4 min.

Secova Metals Corp. (TSXV: SEK), a resource explorer, moved higher after acquiring the Cobalt Bay Property in Quebec

Sean Mason | February 22, 2017 | SmallCapPower

A cobalt property deal generated interest in a resource explorer Wednesday. Here’s some small stocks making big moves on Wednesday, February 22, 2017 (as of 4 pm EST):

Secova Metals Corp. (TSXV: SEK) shares gained 6% to $0.095 on Wednesday after the resource explorer announced that it has acquired a private B.C. Company with its sole asset being the Cobalt Bay Property, consisting of 36 claims, or approximately 1,996 contiguous hectares, in Daine Township, Quebec.

As well, shares of Belo Sun Mining Corp. (TSX: BSX) slipped 7% to $0.92 as the gold junior said it has received an order from the judge of the Agrarian Court of Altamira issuing a temporary 180-day injunction halting certain work related to the Construction Licence for the Volta Grande Project in Brazil.

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Clean Commodities Corp. (TSXV: CLE), meanwhile, reported that it has entered into an agreement with Canadian International Minerals Inc., in which Clean Commodities will acquire a 50% interest in the Manitou Cobalt Project in Quebec. Clean Commodities stock moved up 6% to $0.085 following the announcement.

In addition, shares of Revive Therapeutics Ltd. (TSXV: RVV) surged 37% to $0.335 as the biotech company said it has entered into a term sheet agreement with InMed Pharmaceuticals Inc., for the discovery and development of cannabinoid-based therapies targeting kidney diseases.

Finally, Diagnos Inc. (TSXV: ADK) shares rose 14% to $0.165 after the provider of healthcare Artificial Intelligence services announced that it has signed a new partnership agreement with AlKanhoor Medical Co. that will focus on selling services from the DIAGNOS Artificial Intelligence technology platform to the 542 hospitals in the Kingdom of Saudi Arabia.

To find out more about Secova Metals Corp., please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from Secova Metals to provide analyst research coverage. For full disclosure please visit here >>

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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