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Precious Metals Explorer Shines On Sample Results

By Sean Mason, SmallCapPower.comETFsNov 12, 2019 12:58
ca.investing.com/analysis/precious-metals-explorer-shines-on-sample-results-200431438
Precious Metals Explorer Shines On Sample Results
By Sean Mason, SmallCapPower.com   |  Nov 12, 2019 12:58
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Gold and silver channel sample results attracted the attention of a few speculators to shares of a precious metal explorer Tuesday. Here’s some small stocks making big moves on Tuesday, Nov. 12:

Vizsla Resources Corp (TSXV:VZLA) shares gained 10% to $0.46 on Tuesday after the precious metals explorer announced channel sampling results from five veins at the recently-acquired Panuco project in Mexico, which included 866 grams per tonne (g/t) silver equivalent (548.4 g/t silver and 3.97 g/t gold) over 5.95 metres.

As well, shares of OrganiGram Holdings Inc (TSX:OGI) slipped 11% to $3.95 as the Canadian cannabis company said it expects its fourth-quarter net revenue to amount to $16.3 million, down from $24.8 million during Q3, citing the lack of a sufficient retail network and slower-than-expected store openings in Ontario along with increased industry supply.

Namaste Technologies Inc (TSXV:N), meanwhile, reported that its wholly-owned subsidiary, CannMart Inc., has entered into a supply agreement with the Ontario Cannabis Store in addition to the Saskatchewan Liquor & Gaming Authority. Namaste Technologies stock moved up 8% to $0.405 following the announcement.

Finally, Xebec Adsorption Inc (TSXV:XBC) shares climbed 9% to $2.26 after the clean energy solutions provider announced a 136% surge in its third-quarter revenue to a record $13.2 million, while swinging to a net profit of $1.0 million from a net loss of $400,000 during the same period last year.

Precious Metals Explorer Shines On Sample Results
 

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Precious Metals Explorer Shines On Sample Results

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