Canadian Penny Stocks in Play:
Helio Resource Corp.: announced the delineation of a major new gold-in-soil anomaly at the SMP Gold Project, Lupa Goldfields, SW Tanzania. The Dubwana Target is located approximately 2km to the north of the Porcupine Target where Helio has just resumed drilling. Gold assays from grab samples taken from outcrop within the Dubwana Target range from 0.1g/t Gold to 27.4g/t for mineralised quartz veins and up to 2.78g/t for sheared wallrock.
Helio Resource Corp. (TSX-Venture: HRC | Quote | Chart | News | PowerRating) closed up $0.01 at $0.45 on the new geochemical anomaly announcement.
Stem Cell Therapeutics Corp.: announced that the U.S. Food and Drug Administration has provided a verbal confirmation to remove its clinical hold placed on NTx®-265 on September 18, 2008. This will allow SCT to commence the recruitment of patients under an amended protocol using NTx®-265 for the Company's Phase IIb clinical trial treating acute ischemic stroke. About REGENESIS: NTx®-265 is SCT's lead therapeutic regimen of two approved and clinically well-defined drugs, human Chorionic Gonadotropin and Erythropoietin, targeting the treatment of stroke.
Stem Cell Therapeutics Corp. (TSX-Venture: SSS) closed up $0.055 at $0.115 or 92% on the FDA announcement.
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