Copper continued to grab the attention of resource investors Thursday, including one copper junior in particular. Here’s some small stocks making big moves on Thursday, August 24, 2017 (as of 4 pm EST):
Mason Resources Corp. (TSX: MNR) shares jumped 11% to $0.30 on Thursday after the copper junior announced that Hudbay Minerals Inc. has acquired 10,755,170 common shares of Mason Resources at a price of C$0.26 per common share. As a result of the transaction, Hudbay beneficially owns and controls about 13.9% of the outstanding common shares of Mason Resources.
As well, shares of MedX Health Corp. (TSXV: MDX) fell 11% to $0.085 as the medical device company said its second-quarter loss widened to $403,631 from $310,869 during the same period last year, while its revenue for the quarter rose 13% to $236,892.
Largo Resources Ltd. (TSX: LGO), meanwhile, reported that it recently surpassed its 1000th lot shipment of vanadium, representing approximately 44 million pounds of vanadium pentoxide (V2O5). Largo Resources stock popped 45% to $0.87 following the announcement.
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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Mason Resources Corp. (TSX: MNR) shares jumped 11% to $0.30 on Thursday after the copper junior announced that Hudbay Minerals Inc. has acquired 10,755,170 common shares of Mason Resources at a price of C$0.26 per common share. As a result of the transaction, Hudbay beneficially owns and controls about 13.9% of the outstanding common shares of Mason Resources.
