Cobalt Junior Jumps on Sample Results

    Castle Silver Resources Inc. (CVE:CSR), a cobalt junior, powered higher after announcing sample results from its Beaver Property in Cobalt, Ontario

    Sean Mason | December 8, 2017 | SmallCapPower

    More than a few speculators were attracted to a cobalt junior Friday following the release of sample results. Here’s some small stocks making big moves on Friday, December 8, 2017 (as of 4 pm EST):

    Castle Silver Resources Inc. (TSXV:CSR) shares climbed 9% to $0.30 on Friday after the cobalt junior announced sample results from its Beaver Property, a former silver producer in Cobalt, Ontario, averaging 4.68% cobalt, 46.9 g/t silver, 3.09% nickel and 0.08 g/t gold. The Company added that it will be proposing a corporate name change at its upcoming Annual General Meeting in February, to better reflect its focus on cobalt.

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    Read: Find out what the Ubika Research team discovered on its recent visit to the Castle Silver Resources (TSXV:CSR) mine site 

    As well, shares of Mogo Finance Technology Inc. (TSX:MOGO) slipped 9% to $7.22 as the financial technology company revealed that it has entered into a bought-deal financing agreement for 3.75 million shares, at a price of $7.00 per common share, for total gross proceeds of $26.25 million.

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    Berkwood Resources Ltd. (TSXV:BKR), meanwhile, reported that it has completed the first hole of the Phase 2 drill program on its Zone 1 Graphite Body in Quebec, which included a “massive” graphite intercept of over 70 meters in length and close to surface. Berkwood Resources stock moved up 8% to $0.355 following the announcement.

    Ubika Research/SmallCapPower has received compensation from Castle Silver and Berkwood Resources to provide analyst research coverage. For full disclosure please visit here >>

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    Castle Silver Resources Inc. (TSXV:CSR) has changed its name to Canada Cobalt Works Inc. (TSXV:CCW) to highlight their growing focus on cobalt. Read more >>

    Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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