FinTech Stock Powers Higher on Blockchain Initiative

Mogo Finance Technology Inc. (TSE:MOGO), a FinTech stock, climbed after announcing that it has added blockchain capabilities

Sean Mason | October 30, 2017 | SmallCapPower

Blockchain technology continues to be all the rage, lifting shares of a FinTech stock Monday. Here’s some small stocks making big moves on Monday, October 30, 2017 (as of 4 pm EST):

Mogo Finance Technology Inc. (TSX:MOGO), a FinTech stock, surged 31% to $5.15 after announcing that it has added dedicated blockchain capabilities to accelerate its plans to integrate Bitcoin and other cryptocurrencies into Mogo’s digital account as well as future new products and features based on blockchain technology.

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As well, shares of Cariboo Rose Resources Ltd. (TSXV:CRB) slid 39% to $0.07 as the gold explorer revealed results from the reverse circulation drilling program completed on the Canadian Creek Project in the Yukon, which included 107.59 metres averaging 0.14 g/t gold.

Fura Gems Inc. (TSXV:FUR), meanwhile, reported that it has agreed to acquire 76% of the issued and outstanding shares of Esmeracol S.A., which owns a mining license that includes the historic Coscuez Emerald Mine in Colombia. Fura Gems stock moved up 25% to $0.58 following the announcement.

Finally, Jaxon Mining Inc. (TSXV:JAX) shares climbed 23% to $0.265 after the junior explorer announced that it will begin its Phase 1, 2,000-metre diamond drilling program this week on the Max Target at its 44,000-hectare Hazelton Project in British Columbia.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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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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