Gold Explorer Shines on Sprott Investment

Stratabound Minerals Corp. (TSXV:SB), a gold explorer, soared after announcing that Eric Sprott acquired 3 million shares of SB

Sean Mason | July 8, 2020 | SmallCapPower

A big Eric Sprott stock buy sparked shares of a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, July 8, 2020 (as of 4 pm EST):

Stratabound Minerals Corp. (TSXV:SB) shares powered 111% higher to $0.19 on Wednesday after the gold explorer announced that Eric Sprott acquired three million shares of Stratabound on July 3, 2020,  through Jerritt Canyon Canada Ltd., a company controlled by him, at a price of $0.05 per share, which increases his ownership stake in SB to 19.05%.

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As well, shares of Goodfood Market Corp. (TSX:FOOD) gained 6% to $6.02 as the online grocery company revealed better-than-expected Q3 financial results, which included revenue of $86.6 million and net income of $2.8-million, or $0.05 per share. Analysts were expecting revenue of $81.8 million and a loss of $0.05 per share.

Nubeva Technologies Ltd. (TSXV:NBVA), meanwhile, reported that it has signed a “seven figure, multi-year” license agreement with a $10 billion market cap cybersecurity solutions company, in which Nubeva received a $1 million initial payment to license its Symmetric Key Intercept solution. Nubeva Technologies stock popped 218% to $0.27 following the announcement.

Finally, Calian Group Ltd. (TSX:CGY) shares rose 4% to $60 after the technology company announced that it has agreed to acquire Comprehensive Training Solutions International (CTS), a boutique training firm based out of Norway. Calian said CTS has trailing annual revenues of approximately $4 million and is expected be EBITDA accretive within the first 12 months.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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