Gold Explorer Climbs on Strategic Investment

Published:

Rupert Resources Ltd. (TSXV:RUP), a gold explorer, gained ground after receiving a C$13.1 million strategic investment from Agnico Eagle Mines Limited

Sean Mason | February 11, 2020 | SmallCapPower

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.

Win Big With Our Small Cap Picks

 

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.

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:

Related articles

Recent articles