Drilling initiation in Mongolia sparked a bit of speculation in shares of a copper junior Thursday. Here’s some small stocks making big moves on Thursday, June 27, 2019 (as of 4 pm EST):
Kincora Copper Ltd. (TSXV:KCC) shares continued to move higher Thursday, up 14% to $0.12 following a 17% gain on Wednesday, after the copper junior announced that drilling has begun at its 100% owned Bronze Fox copper-gold porphyry project in Mongolia.
As well, shares of Aleafia Health Inc. (TSX:ALEF) (OTC:ALEAF) jumped 12% to $1.38 as the medical cannabis company said it has closed its previously-announced public offering of convertible debenture units of the Company for total gross proceeds of $40.25 million, which Aleafia asserts will accelerate the expansion of its cannabis health and wellness ecosystem in Canada and globally. Aleafia Health stock has advanced more than 42% during the past two trading sessions.
Fura Gems Inc. (TSXV:FURA), meanwhile, reported that it has entered into an option agreement to acquire a sapphire mining project in Queensland, Australia, which comprises of 100% interests in two mining permits and three mining licenses. Fura Gems stock popped 10% to $0.16 following the announcement.
Finally, Largo Resources Ltd. (TSX:LGO) shares slipped 5% to $1.71 after the vanadium miner announced that it will not be returning capital to shareholders at this time in response to a variety of factors, including a lower vanadium price environment as well as anticipated working capital requirements for its new sales and trading business.
Aleafia Health Inc. (TSX:ALEF) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure 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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.