Gold Explorer Shines on Insider Buying

Condor Gold (TSX:COG), a gold explorer, gained ground after announcing that a Director purchased shares in the Company

Sean Mason | August 23, 2019 | SmallCapPower

More insider buying boosted investor interest in shares of a gold explorer Friday. Here’s some small stocks making big moves on Friday, August 23, 2019 (as of 4 pm EST):

Condor Gold (TSX:COG) shares moved 9% higher to $0.38 on Friday after the gold explorer announced that a Non-Executive Director of the Company purchased 50,000 shares of Condor Gold yesterday.

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As well, shares of Cargojet Inc. (TSX:CJT) jumped 13% to $102.33 as the provider of overnight air cargo services said it has entered into a new strategic agreement with Amazon.com NV Investment Holdings LLC, an affiliate of Amazon.com.ca, Inc, for overnight air cargo services and charters.

Reliq Health Technologies Inc. (TSXV:RHT), meanwhile, reported that it has signed contracts with six new clients in Texas, adding that the Company remains on track to be cash-flow positive in Q4 of this calendar year. Reliq Health stock moved up 10% to $0.325 following the announcement.

Finally, NaiKun Wind Energy Group Inc. (TSXV:NKW) shares continued to move higher Friday, up 100% to $0.16 following a 100% gain on Thursday, after the renewable energy company announced that it has signed an indicative offer with a major offshore wind development company to develop its wind resource in Hecate Strait, a few kilometers east of Haida Gwaii, within the traditional territory of the Haida Nation.

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

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