Nuvo Research (T.NRI) hit a new 52-week high of 43 cents; Nuvo responded to a request from the Investment Industry Regulatory Organization of Canada (IIROC) on behalf of the Toronto Stock Exchange following recent trading activity of Nuvo shares. While it is Nuvo's policy not to comment on market rumours or speculation, at the request of IIROC, Nuvo is confirming that, as previously disclosed, it continues to be in various stages of licensing discussions with pharmaceutical companies possessing sales and distribution capabilities for the marketing of Pennsaid(R) and Pennsaid Plus(R) in the United States and other territories.
Certain of these discussions have progressed meaningfully over the last several weeks. However, while these discussions are ongoing and Nuvo is optimistic that it will be able to conclude a licensing agreement, there currently is no agreement in respect of licensing and there can be no assurances that such an agreement will be reached or, if an agreement is reached, its terms or timing.
Klondex Mines Ltd. (T.KDX) hit a new 52-week high of $1.99; no major news announcements today
Keegan Resources (T.KGN) hit a new 52-week high of $4.39; no major news announcements today
Rubicon Materials (T.RMX) hit a new 52-week high of $3.00; no major news announcements today
Queenston Minerals (T.QMI) hit a new 52-week high of $5.02; no major news announcements today.
Coastal Contacts (T.COA) hit a new 52-week high of $1.19; no major news announcements today.
Ventana Gold (T.VEN) hit a new 52-week high of $5.24; no major news announcements today.
