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.

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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.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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