Gold Explorer Surges on Drill Results

Rupert Resources Ltd. (TSXV:RUP), a gold explorer, jumped after announcing results from its Pahtavaara Project

Sean Mason | September 14, 2020 | SmallCapPower

Near-surface drill results sparked a bit of speculation in shares of a gold explorer Monday. Here’s some small stocks making big moves on Monday, September 14, 2020 (as of 4 pm EST):

Rupert Resources Ltd. (TSXV:RUP) shares climbed 29% to $3.60 on Monday after the gold explorer announced new drill results from its 100% owned Pahtavaara Project in Finland, which included 3.0 grams per tonne (g/t) gold over 171.2 metres from 19.8 metres.

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As well, shares of Kodiak Copper Corp. (TSXV:KDK) gained 31% to $2.40 as the copper junior said it has received a C$10.5 million equity investment from Teck Resources Limited, representing a 9.9% equity interest in the Company.

Neo Lithium Corp. (TSXV:NLC), meanwhile, reported that it will receive an C$8.5 million equity investment from a subsidiary of Chinese battery manufacturer Contemporary Amperex Technology at price of $0.84 per share, representing an 8% equity stake in the Company. Neo Lithium stock popped 31% to $0.76 following the announcement.

Finally, Trillium Therapeutics Inc. (TSX:TRIL) shares rose 5% to $19.59 after S&P Dow Jones Indices announced that the Company’s stock will be included in the S&P/TSX Composite Index before the open of trading on Monday, September 21, 2020.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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

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