Gold Explorer Glisters on Drill Results

Liberty Gold Corp. (TSX:LGD), a gold explorer, powered higher after announcing drill results from the Black Pine project in Idaho

Sean Mason | June 19, 2019 | SmallCapPower

Shining drill results attracted the attention of more than a few speculators to shares of a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, June 19, 2019 (as of 4 pm EST):

Liberty Gold Corp. (TSX:LGD) shares climbed 7% to $0.45 on Wednesday after the gold explorer announced that new drilling at the Black Pine project in Idaho has intersected thick intervals of what the Company called high-grade oxide gold mineralization in a new area, which included 3.24 g/t gold over 22.9 metres.

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As well, shares of Gran Tierra Energy Inc. (TSX:GTE) fell 13% to $2.25 as the oil and natural gas producer/explorer with operations in Colombia and Ecuador said it is currently addressing some temporary operational issues that has impacted its production.

CannTrust Holdings Inc. (TSX:TRST), meanwhile, reported that it is establishing hemp/CBD operations in the United States, starting in California, with the signing of a non-binding letter of intent, which will provide access to more than 3,000 acres of farmland for hemp production with Elk Grove Farming Company, LLC. CannTrust stock moved up 7% to $7.10 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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