Canadian Gold Stock Glisters on Earnings Surge

Dynacor Gold Mines Inc. (TSX:DNG), a Canadian gold stock, gained ground after announcing a big third-quarter earnings gain

Sean Mason | November 15, 2019 | SmallCapPower

Consistent profitability was great news for investors in a Canadian gold stock Friday. Here’s some small stocks making big moves on Friday, November 15, 2019 (as of 11:30 am EST):

Dynacor Gold Mines Inc. (TSX:DNG), a Canadian gold stock, climbed 9% to $1.65 on Friday after announcing that its third-quarter earnings per share tripled to $0.06 from $0.02 during the same period last year. It was the Company’s 34th  consecutive quarter of profitability.

Win Big With Our Small Cap Picks

 

As well, shares of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) slipped 7% to $0.77 as the Canadian cannabis company said it recorded a third-quarter net loss of $20.1 million, adding that its HemPoland subsidiary saw a quarter-over-quarter decrease in revenue from $2.9 million to $2 million.

Temple Hotels Inc. (TSX:TPH), meanwhile, reported that it has received a takeover proposal from Morguard Corporation (TSX:MRC) at a price of $2.10 per share, payable in cash. Temple Hotels stock popped 17% to $2.09 following the announcement.

Finally, Star Diamond Corporation (TSX:DIAM) shares jumped 23% to $0.24 after the junior explorer announced that Rio Tinto Exploration Canada Inc. said it plans to exercise all four options under the Option to Joint Venture Agreement entered into in 2017.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: