{"id":74991,"title":"Stock Market Watch: ADV, BMV, TIR, ORPH, GWMO & ECO","publisher":"Share Talk","author":"sharetalk","published":"2020-09-29T08:47:27+00:00","modified":"2020-09-29T08:47:27+00:00","canonical_url":"https://www.share-talk.com/stock-market-watch-adv-bmv-tir-orph-gwmo-eco/","markdown_url":"https://www.share-talk.com/stock-market-watch-adv-bmv-tir-orph-gwmo-eco.md","json_url":"https://www.share-talk.com/stock-market-watch-adv-bmv-tir-orph-gwmo-eco.json","category":"Blogs","categories":["Blogs","Stock Market Watch","Zak Mir"],"tags":["ADV","Advance Energy","Bluebird Merchant Ventures","BMV","ECO","Eco Atlantic","Great Western Mining","GWMO","Open Orphan","ORPH","Tiger Royalties","TIR"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Advance Energy (ADV)** looks to have finally shaken off the ghosts of its previous manifestation, Andalas.\n\n[@ZaksTradersCafe](https://twitter.com/ZaksTradersCafe)\n\nThe plus points now appear to be the quality of the management, and the way that the oil & gas investment company is looking to build up its portfolio in the most prudent fashion. In particular, taking non-operated interests, and looking to unlock value. However, the latest 24% share price rise has come in the wake of recent director share buying, as well as an operations update on September 14th.\n\nThere was an extra slug of good news from **Bluebird Merchant Ventures (BMV)**, as the South Korea focused gold miner, with the company saying that funding to re-start legacy mines in the country was coming in ahead of schedule, allowing it to commence construction. The shares rose 14% as traders enjoyed the revelation of a non-dilutive and non interest bearing facility of up to $20m.\n\nThinly traded **Tiger Royalties (TIR)** attempted a share price breakout through 0.35p, as some investors looked to the mining sector investment company to start building a portfolio of investments, in what has become a booming sector. They also pointed to the way that the shares are tightly held and therefore in the wake of this month’s £500,000, even a modest investment in a successful play could deliver some decent movement to the upside. So far to start the week, the stock is up 15% to 0.37p, albeit on a very widespread.\n\n**Open Orphan (ORPH)** managed to continue its recent run of form, and share price breakout through a troublesome mid-teen zone, to close up 9% at 18.6p. The fundamental trigger for the rally was pharma services group signing a £4.3m COVID-19 study contract, which the company said has already started. CEO Cathal Friel stated that it was his intention for Open Orphan, via its hVivo subsidiary to be a world leader in the testing of vaccines and anti-virals via human challenge studies.\n\n**Great Western Mining (GWMO)** made a return to the top of the stock market leaderboard, with a 54% rise to close at 0.325p. Although a break of 0.2p zone resistance a couple of weeks back suggested a move to 0.3p might be on its way, the market was impressed by large-volume buys in the market, amounting to nearly 10% of the share register. This was not necessarily surprising as the stock has been on the front foot since the company update earlier this month which revealed a fully funded 2020 programme, first gold from the Mineral Jackpot processing operation this year, and a target of up to 1.5m ounces from Mineral County, Nevada.\n\nThere was a second wind to the tentative recovery for shares of **Eco Atlantic (ECO)**, after the shares were backed by a key FinTwit investor, as well as Peel Hunt who recently slapped a 100p target on the stock. Indeed, the broker regarded Eco’s 2021 campaign exploration campaign as one of the more exciting around. This left the stock up 17%, at 23.75p in terms of the latest rally, clearly with some work to do in order to achieve the Peel Hunt price target.\n\n(The opinions expressed here are those of the author, a columnist for Share Talk.)\n\n![](https://www.share-talk.com/wp-content/uploads/2020/09/ZAK-MIR-300x200.jpg)"}