Gold Explorer Powers Higher on Blockchain Initiative

Canamex Gold Corp. (CVE:CSQ), a gold explorer, climbed after announcing a Terms of Agreement to consider the issues around an Initial Coin Offering based on Ethereum blockchain technology

Sean Mason | December 7, 2017 | SmallCapPower

Blockchain mania continues to build, drawing a gold explorer into its fold Thursday. Here’s some small stocks making big moves on Thursday, December 7, 2017 (as of 4 pm EST):

Canamex Gold Corp. (TSXV:CSQ) shares jumped 38% to $0.165 on Thursday after the gold explorer announced that it has executed a Terms of Agreement with Harmonychain AS to consider the issues around an Initial Coin Offering of asset-backed digital tokens based on the Ethereum blockchain technology, and whether the Company could utilize this new technology in future offerings.

Win Big With Our Small Cap Picks


As well, shares of Kalytera Therapeutics, Inc. (TSXV:KALY) fell 19% to $0.255 as the biotechnology company said it has initiated a Phase 2 clinical study evaluating the use of cannabidiol in the prevention of graft versus host disease. Results of the study are expected by Q3 2018.

Resverlogix Corp. (TSX:RVX), meanwhile, reported that it has repaid, in full, its C$68.8 million loan and now has no outstanding long-term debt. Resverlogix stock moved up 20% to $1.97 following the announcement.

Finally, Goldcliff Resource Corporation (TSXV:GCN) shares gained 121% to $0.42 after the company announced that it has begun work to introduce a digital currency based on gold.

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

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: