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Nevada Organic Phosphate Up 4.2% After Reporting Low Heavy-Metal Assays at Murdock Mountain

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Nevada Organic Phosphate (NOP.CN) shares rose 4.2% on Monday after the company reported that heavy metal contaminant assays at its Murdock Mountain drill hole were "well below" the maximum allowed limits for Organic Fertilizer Certification.

"MM26-9 intersected a strong 10.73% P2O5 over 4.48 metres (true thickness) of Upper Phosphate Zone, reinforcing both the grade continuity we are working to define across the trend plus confirming continued clean, very low heavy metal contaminant assay results," said Nevada Organic Phosphate Director Garry Smith. "We are excited to continue advancing Murdock Mountain in the coming months and to begin evaluating the Upper Phosphate Zone on our additional permit application areas."

Shares of the company were last seen up C$0.005 at C$0.125 on the Canadian Securities Exchange.

Price: $0.13, Change: $+0.01, Percent Change: +4.17%

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