Junior Resource Stock Pops on Cobalt Prospects Acquisition

Published:

Cruz Capital Corp. (CVE:CUZ), a junior resource stock, moved up after announcing that it has agreed to acquire six cobalt prospects

Sean Mason | July 25, 2016 | SmallCapPower

A cobalt deal boosted a junior resource stock Monday, while a marijuana play hit a big milestone. Here’s some small stocks making big moves on Monday, July 25, 2016 (as of 4 pm EST):

Junior resource stock Cruz Capital Corp. (CVE:CUZ) powered 35% higher to $0.39 on Monday after announcing that it has agreed to acquire six cobalt prospects (four in Ontario and two in British Columbia) for a total consideration of $20,000 plus 1.6 million Cruz Capital shares.

As well, shares of Golden Star Resources Ltd. (TSE:GSC) slipped 23% to $1.02 as the gold miner said it intends to offer up to US$30.0 million of its common shares in an underwritten public offering.

Win Big With Our Small Cap Picks

 

Canopy Growth Corporation (CVE:CGC), meanwhile, reported that its shares will begin trading on the Toronto Stock Exchange effective as of the open of the market on July 26, 2016. Canopy Growth stock moved up 15% to $3.24 following the announcement.

Finally, LGC Capital Ltd. (CVE:QBA) shares gained 28% to $0.205 after the Cuba-focused investment company announced that it has signed one of Cuba’s best known and respected TV presenters and sportscasters, Hector Villar, to work with the Company’s 50/50 Joint Venture with international sporting group Rushmans.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

DISCLAIMER

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.

Related articles

Recent articles