Shares of Calibre Mining Corp (TSXV: CXB), a junior precious and base metal miner, experienced a strong upward share price momentum after gaining more than 17% touching its new 52-week highs during each of the past two consecutive trading sessions with significant number of shares exchanging hands. We note that during the last trading session, CXB was the top performer of Canadian diversified mining sector after increasing 17.4% and closed at its 52-week high of $0.14, while recording significant trading volumes of 1.5 million shares. During the past 5-trading sessions, CXB gained 35.0% with daily average trading volumes of 942,752 shares, while the stock accumulated over 58.8% during the past one month with daily average trading volumes of 441,287 shares. The stock is 200% year-to-date. Recently, the company announced a private placement worth $2 million representing 25 million shares at a price of $0.08 to Pierre Lassonde.
Company Description:
Calibre Mining Corporation is an exploration company. The company explores and develops properties for precious and base metals in Nicaragua.
1-Year Stock Chart:
Source: Bloomberg
