Gold Explorer Rises on Property Acquisition

Nexus Gold Corp. (TSXV:NXS), a gold explorer, gained ground after announcing the acquisition of the New Pilot Gold Project in British Columbia

Sean Mason | January 11, 2019 | SmallCapPower

A British Columbia gold/copper property acquisition boosted shares of a gold explorer Friday. Here’s some small stocks making big moves on Friday, January 11, 2019 (as of 4 pm EST):

Nexus Gold Corp. (TSXV:NXS) shares climbed 23% to $0.135 on Friday after the gold explorer announced that it has completed the acquisition of the New Pilot Gold Project in British Columbia. The Project is an exploration-stage gold-copper property, covering approximately 509 hectares.

Win Big With Our Small Cap Picks

 

As well, shares of Pivot Technology Solutions, Inc. (TSX:PTG) slipped 6% to $1 as the information technology services and solutions provider said its fourth-quarter revenue is expected to be approximately US$310-315 million, down from US$321 million in Q3, due primarily to lower sales to major customers.

Aphria Inc. (TSX:APHA), meanwhile, reported that Vic Neufeld has decided to step down from his role as the Company’s Chief Executive Officer following the release of second-quarter financial results, in which net revenue rose 63% to $21.7 million but fell short of analyst expectations. Aphria stock moved up 5% to $9.18 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: