Digital Media Stock Climbs on Mobile Sports Initiative

theScore, Inc. (TSXV:SCR), a digital media stock, surged after announcing initial approval to engage in Internet and mobile sports wagering in New Jersey

Sean Mason | August 16, 2019 | SmallCapPower

Mobile sports wagering approval propelled a digital media stock higher Friday. Here’s some small stocks making big moves on Friday, August 16, 2019 (as of 4 pm EST):

theScore, Inc. (TSXV:SCR), a digital media stock, jumped 8% to $0.53 on Friday after announcing that the New Jersey Division of Gaming Enforcement has granted an initial approval authorizing the Company’s subsidiary, Score Digital Sports Ventures Inc, to engage in Internet and mobile sports wagering activities in the State.

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As well, shares of Fremont Gold Ltd. (TSXV:FRE) slid 22% to $0.07 as the gold junior said it is selling its rights and interest in the Gold Canyon project, located in Eureka County, Nevada, to McEwen Mining Inc. in exchange for 300,000 McEwen common shares.

Callidus Capital Corporation (TSX:CBL), meanwhile, reported that it has agreed to be acquired by Braslyn Ltd. for $0.75 per share in cash. Callidus Capital stock popped 76% to $0.72 following the announcement.

Finally, Stuhini Exploration Ltd. (TSXV:STU) shares gained 27% to $0.28 after the junior explorer announced that Eric Sprott has agreed to participate in the Company’s non-brokered private placement, purchasing one million shares at a price of $0.17 per share.

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

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