Copper Explorer Shines on Assay Results

Kintavar Exploration Inc. (TSXV:KTR), a copper explorer, moved higher after announcing assays from the Mitchi property in Quebec

Sean Mason | November 29, 2018 | SmallCapPower

Quebec copper assays from a copper explorer caught the eyes of a few resource speculators Thursday. Here’s some small stocks making big moves on Thursday, November 29, 2018 (as of 4 pm EST):

Kintavar Exploration Inc. (TSXV:KTR) shares climbed 22% to $0.14 on Thursday after the copper explorer announced assays from drilling in the Sherlock corridor at the Mitchi property in Quebec, which included 0.59% copper over 11.6 metres and 0.80% copper over 5.8 metres from surface.

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As well, shares of Galaxy Digital Holdings Ltd. (TSXV:GLXY) jumped 16% to $1.16 as the blockchain technology company said its Partnership’s net book value per unit as of September 30, 2018 was approximately C$1.76. The Company added that it is repositioning its Advisory Services business away from small ICO advisory and technical blockchain consulting to instead focus on larger institutional clients in the space.

Monument Mining Limited (TSXV:MMY), meanwhile, reported first-quarter gross revenue of US$5.53 million from 4,550 ounces of gold sold, while its cash cost per ounce declined to US$617 per ounce from $948 during the same period last year. Monument Mining stock moved up 22% to $0.055 following the announcement.

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

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