Another cryptocurrency mining stock stormed out of the blocks on its first day of trading Monday. Here’s some small stocks making big moves on Monday, December 18, 2017 (as of 4 pm EST):
HashChain Technology Inc. (TSXV:KASH), a cryptocurrency mining stock, skyrocketed 1533% to $2.45 in its stock market debut on Monday. The Company is initially focusing resources on mining Dash and Bitcoin cryptocurrencies utilizing Application Specific Integrated Circuit mining rigs, which are high-performance computer systems used for cryptocurrency mining.
As well, shares of Northern Dynasty Minerals Ltd. (TSX:NDM) slipped 13% to $2.45 as the resource project developer said it has entered into a framework agreement with First Quantum Minerals Ltd. for an option agreement that will entitle First Quantum to acquire the right to earn a 50% interest in the Pebble Limited Partnership for US$1.35 billion.
HPQ Silicon Resources Inc. (TSXV:HPQ), meanwhile, reported the signing of a partnership with Apollon Solar SAS, a private French company, for the development of processes to make high-purity silicon metal for photovoltaic conversion used in high performance solar cells. HPQ Silicon Resources stock moved up 24% to $0.105 following the announcement.
Finally, CGX Energy Inc. (TSXV:OYL) shares jumped 87% to $0.14 after the oil and gas explorer announced that it has successfully renegotiated its work commitments for the Demerara, Corentyne and Berbice Petroleum Prospecting Licenses with the Government of Guyana, which includes agreeing to relinquish 25% of the acreage of both the Corentyne and Demerara blocks.
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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