Gold Explorer Rises on Project Update

African Gold Group, Inc. (TSXV:AGG), a gold explorer, moved up after announcing what it called significant progress on the Kobada Project

Sean Mason | September 11, 2019 | SmallCapPower

Pending project construction was good news for shareholders of a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, September 11, 2019 (as of 4 pm EST):

African Gold Group, Inc. (TSXV:AGG) shares gained 7% to $0.48 on Wednesday after the gold explorer announced what it called significant progress on the Kobada Project in southern Mali since July 2019, adding that it is “rapidly moving the project towards construction.”

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As well, shares of Roots (TSX:ROOT) slid 13% to $2.38 as the apparel manufacturer and retailer said its second-quarter comparable store sales declined 2.9% year over year.

Maxar Technologies Inc. (TSX:MAXR), meanwhile, reported that its MDA subsidiary will design and manufacture advanced space-based L-band navigation antennas as part of a hosted payload on the MEASAT-3d satellite, which is currently being built by Airbus. Maxar Technologies stock moved up 11% to $12.15 following the announcement.

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

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