Assays from a gold explorer generated plenty of excitement Friday. Here’s some small stocks making big moves on Friday, November 16, 2018 (as of 4 pm EST):
Sokoman Iron Corp. (TSXV:SIC) shares surged 41% to $0.225 on Friday after the gold explorer announced that it has received assay results for five of seven holes completed to date in the Eastern Trend, part of the Phase 2 drilling on the Moosehead Project in Newfoundland, which included 24.90 metres grading 33.56 g/t gold.
As well, shares of Katanga Mining Limited (TSX:KAT) climbed 22% to $0.56 as the copper and cobalt miner said the Democratic Republic of the Congo’s restriction temporarily preventing the Company’s 75% owned subsidiary Kamoto Copper Company SA from importing or exporting any material or production has been lifted and that imports and exports of material and production have resumed.
Vanstar Mining Resources Inc. (TSXV:VSR), meanwhile, reported that its partner IAMGOLD Corporation has released drill results from the Renard and 36 zones at the Nelligan gold project in Quebec, which included 82.6 metres grading 3.31 g/t gold. Vanstar Mining stock moved up 19% to $0.125 following the announcement.
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.
Sokoman Iron Corp. (TSXV:SIC) shares surged 41% to $0.225 on Friday after the gold explorer announced that it has received assay results for five of seven holes completed to date in the Eastern Trend, part of the Phase 2 drilling on the Moosehead Project in Newfoundland, which included 24.90 metres grading 33.56 g/t gold.
