West African assay results propelled shares of a junior gold miner Thursday. Here’s some small stocks making big moves on Thursday, January 16, 2020 (as of 4 pm EST):
Roxgold Inc. (TSX:ROXG) shares gained 9% to $0.95 on Thursday after the junior gold miner announced updated drilling results from its Séguéla gold project in Côte d’Ivoire, which included 42 metres of 16.97 grams per tonne (g/t) gold.
As well, shares of GFG Resources Inc. (TSXV:GFG) sank 43% to $0.17 as the precious metals explorer revealed assay results from the 2019 drill program at the Rattlesnake Hills Gold Project in Wyoming, which included 0.55 g/t gold over 57.7 metres along with another interval where no significant gold grades were returned.
CANEX Metals Inc. (TSXV:CANX), meanwhile, reported that it has received results from a high-resolution drone magnetic survey conducted at its Gold Range Property in Arizona, which showed multiple large-scale structures in multiple orientations. CANEX Metals stock moved up 12% to $0.19 following the announcement.
Finally, FLYHT Aerospace Solutions Ltd. (TSXV:FLY) shares jumped 19% to $1.78 after the provider of global flight tracking data announced that it has secured a US$6.2 million contract with WestJet to install FLYHT’s Automated Flight Information Reporting System.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
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. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Roxgold Inc. (TSX:ROXG) shares gained 9% to $0.95 on Thursday after the junior gold miner announced updated drilling results from its Séguéla gold project in Côte d’Ivoire, which included 42 metres of 16.97 grams per tonne (g/t) gold.
, on Thursday.){kind=link}