Exploration Stock Pops on Joint Venture Update

Altiplano Minerals Ltd. (CVE:APN), an exploration stock, moved up after earning a 50% interest in the Comet Joint Venture in Chile

Sean Mason | November 23, 2017 | SmallCapPower

A Chilean joint venture and stockpile announcement had a few speculators piling into an exploration stock Thursday. Here’s some small stocks making big moves on Thursday, November 23, 2017 (as of 11:30 am EST):

Altiplano Minerals Ltd. (TSXV:APN), an exploration stock, climbed 26% to $0.195 on Thursday after announcing that it has earned a 50% interest in the Comet Joint Venture in Chile, which has stockpiled more than 200 tonnes of mineralized vein material to date in preparation for toll milling.

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As well, shares of Acerus Pharmaceuticals Corporation (TSX:ASP) shot up 28% to $0.255 as the specialty pharmaceutical company said it has signed of an agreement granting Apsen Farmacêutica the exclusive right to market NATESTO in Brazil.

Goldmoney Inc. (TSX:XAU), meanwhile, reported that it has signed a non-binding Letter of Intent formalizing a joint venture framework whereby Goldmoney, Taojinyn, and Zhaojin Mining, China’s second-largest gold mining company, will jointly launch and operate a local version of Goldmoney in China, which will be named Goldmoney China. Goldmoney stock moved up 11% to $6.99 following the announcement.

Finally, Sonoro Energy Ltd. (TSXV:SNV) shares rose 40% to $0.035 as the oil and gas explorer/developer announced that it has cased its LG-1 Up-dip well in West Sulawesi, Indonesia to a depth of 546 metres, following conventional coring, logging and open-hole drill stem testing, where conventional cores clearly indicate the presence of hydrocarbons.

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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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