Gold Explorer Jumps on JV, Investment

Maple Gold Mines Ltd. (TSXV:MGM), a gold explorer, surged after announcing a C$6.2 million investment from Agnico Eagle Mines

Sean Mason | October 8, 2020 | SmallCapPower

An Agnico Eagle Mines investment and potential joint venture sparked shares of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, October 8, 2020 (as of 11:30 am EST):

Maple Gold Mines Ltd. (TSXV:MGM) shares climbed 35% to $0.23 on Thursday after the gold explorer announced that Agnico Eagle Mines will invest C$6.2 million into MGM via a private placement at a price of C$0.24 per unit. The two companies are also contemplating a 50-50 joint venture, which would combine Maple Gold’s Douay Project and Agnico’s Joutel Project into a consolidated joint property package.

Win Big With Our Small Cap Picks

 

As well, shares of D-BOX Technologies Inc. (TSX:DBO) gained 47% to $0.125 as the provider of immersive video experiences said its D-BOX products have received an endorsement from The Fédération Internationale de l’Automobile (FIA), the governing body of motor sport & mobility.

Quarterhill Inc. (TSX:QTRH), meanwhile, reported that its Q3 2020 consolidated revenue is expected to be in the range of $80 to $87 million, while its Adjusted EBITDA for the quarter is anticipated to be in the range of $32 to $36 million. Quarterhill stock moved up 13% to $2.07 following the announcement.

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 his family own shares in any of the companies mentioned above.

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