Willow Biosciences stock climbs on business outlook plus more daily small cap movers
Last updated: 16:15 14 Dec 2022 EST, First published: 12:15 14 Dec 2022 EST
4:05pm: Willow Biosciences, Sienna Resources shares finish sharply higher
Willow Biosciences closed up 14% at $0.12, while ADF Group rose 7% to $2.14, ACME Lithium finished the day unchanged, and Sienna Resources ended up 13% to $0.045.
12:30pm: Willow Biosciences, ACME Lithium shares climb
Willow Biosciences Inc (TSX:WLLW) shares jumped 24% to $0.13 on Wednesday after biotechnology company provided shareholders with the business outlook and key targeted milestones it anticipates for 2023 to expand growth, saying it currently expects rather significant revenue growth over 2022 along with a demonstrable reduction in cash burn toward its goal of a noted improvement in bottom-line financial results.
READ: Willow Biosciences gives business outlook, key targeted milestones for 2023 to expand growth, recaps 2022 key milestones
As well, shares of ADF Group Inc (TSX:DRX) gained 13% to $2.25 as the company engaged in the fabrication of steel superstructures said it has signed new major contracts in the industrial, transportation and public infrastructure sectors worth a total of $228 million.
ACME Lithium Inc (CSE:ACME), meanwhile, reported that it is poised to drill up to 5,000 metres at its Shatford Lake project in the Winnipeg River pegmatite region of Manitoba, after receiving a work permit from the provincial government. ACME Lithium stock moved up 13% to $0.61 following the announcement.
And, Sienna Resources Inc (TSXV:SIE) shares rose 13% to $0.045 on Wednesday after the explorer and developer of high-grade battery metals deposits announced that it has entered into an option agreement with an arms-length vendor to acquire 100% of the Silver Peak South Lithium Project in Nevada.
Contact Sean at sean@proactiveinvestors.com
