Fireweed Zinc Ltd. (TSXV:FWZ), a zinc junior, climbed after announcing that the Preliminary Economic Assessment (PEA) on the Macmillan Pass Zinc Project will be completed in Q2/2018
An upcoming Preliminary Economic Assessment (PEA) had a few speculators eyeing a zinc junior Friday. Here’s some small stocks making big moves on Friday, January 19, 2018 (as of 4 pm EST):
Fireweed Zinc Ltd. (TSXV:FWZ) shares jumped 22% to $1.75 on Friday after the zinc junior announced that the Preliminary Economic Assessment (PEA) on the Macmillan Pass Zinc Project in the Yukon is expected to be completed in Q2/2018.
As well, shares of Orvana Minerals Corp. (TSX:ORV) slipped 11% to $0.24 as the miner said Q1 2018 gold production at its El Valle Mine in Spain decreased by 29% compared to Q4 2017, due primarily to slower than expected oxide development progress impacted by unplanned equipment issues and unexpected buildup of in-process gold in the mill.
Minaurum Gold, Inc. (TSXV:MGG) stock, meanwhile, continued to move higher Friday, up 14% to $0.37 following a 23% gain on Thursday, after the precious metals explorer reported results from its on-going drill program at the Alamos Silver Project in Mexico, which included 8.25 metres grading 1,760 g/t silver, 1.6% copper, 1.5% lead, and 2.6% zinc.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
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.
Fireweed Zinc Ltd. (TSXV:FWZ) shares jumped 22% to $1.75 on Friday after the zinc junior announced that the Preliminary Economic Assessment (PEA) on the Macmillan Pass Zinc Project in the Yukon is expected to be completed in Q2/2018.
