Cornerstone Capital Resources Inc (TSXV: CGP), a junior mineral exploration and development company, is featured as today’s top momentum gainer since it gained more than 25% during its last two consecutive trading days with significant number of shares exchanging hands. During the last trading session, CGP was among the top gainers in the Canadian diversified mining sector after gaining 25% and closed at its 52-week high of C$0.13 while recording huge volumes of 319,775 shares. During the last 5-trading sessions, CGP rallied 38.9% recording daily average volumes of 178,135 shares, while the stock accumulated over 47% during the past one month with 30-day average volumes of 145,670 shares. The stock gained momentum after CGP provided Stage-1 drill program updates of its project at Alpala prospect within the Cascabel Project at its copper-gold porphyry exploration project in northern Ecuador. The company reported that strongly visible porphyry copper sulphide mineralization continues to current depth of 1303.5m in hole-5. Drilling is expected to continue to 1500m depth or end of copper mineralization in the near future.
Company Description:
Cornerstone Capital Resources Inc (TSXV: CGP) acquires, explores, and develops mineral properties. The company currently holds interests in mineral claims located in Newfounland and Labrador, both located in Canada. Cornerstone is exploring for precious and base metals, industrial minerals, and rare earth elements.
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