A sizable investment from Agnico Eagle Mines propelled shares of a gold explorer sharply higher Tuesday. Here’s some small stocks making big moves on Tuesday, February 11, 2020 (as of 4 pm EST):
Rupert Resources Ltd. (TSXV:RUP) shares jumped 8% to $0.84 on Tuesday after the gold explorer announced that it has received a C$13.1 million strategic investment from Agnico Eagle Mines Limited via a non-brokered private placement at C$0.85 per unit, which will result in Agnico Eagle owning a 9.9% stake in Rupert. The proceeds will be used to further advance exploration of the Company’s 100% owned Pahtavaara Project in Finland.
As well, shares of A2Z Technologies Canada Corp. (TSXV:AZ) rose 10% to $0.91 as the military and civilian technology company said it has been awarded a three-year contract for C$1.5 million from the Israeli Ministry of Defense for the leasing of A2Z’s products and equipment.
DMG Blockchain Solutions Inc. (TSXV:DMGI), meanwhile, reported that it has begun testing various engineered immersion cooling options, which should result in a reduced power draw per petahash, thereby improving profitability from each miner. DMG Blockchain Solutions stock moved up 70% to $0.17 following the announcement.
Finally, Aurora Solar Technologies Inc. (TSXV:ACU) shares gained 4% to $0.12 after the provider of solar cell technology announced that it has received a new volume order for 10 DM measurement systems from a China-based manufacturer.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Rupert Resources Ltd. (TSXV:RUP) shares jumped 8% to $0.84 on Tuesday after the gold explorer announced that it has received a C$13.1 million strategic investment from Agnico Eagle Mines Limited via a non-brokered private placement at C$0.85 per unit, which will result in Agnico Eagle owning a 9.9% stake in Rupert. The proceeds will be used to further advance exploration of the Company’s 100% owned Pahtavaara Project in Finland.
, sharply higher on Tuesday.){kind=link}