Gold Explorer Jumps on Drill Results

Unigold Inc. (TSXV:UGD), a gold explorer, surged after announcing drill results from its Candelones Extension deposit

SmallCapPower | October 23, 2020:

Notable gold and silver drill results sparked interest in shares of a gold explorer Friday. Here’s some small stocks making big moves on Friday, October 23, 2020 (as of 4 pm EST):

Unigold Inc. (TSXV:UGD) shares climbed 46% to $0.46 on Friday after the gold explorer announced results from its ongoing exploration drilling at its Candelones Extension deposit in the Dominican Republic, which included 14.0 meters averaging 14.94 grams per tonne (g/t) gold and 51.6 g/t silver.

Win Big With Our Small Cap Picks


As well, shares of East Africa Metals Inc. (TSXV:EAM) powered 22% higher to $0.22 as the resource junior said it has agreed to sell its Canaco Tanzania Limited subsidiary to a private Tanzanian company for US$2 million in cash.

RESAAS Services Inc. (TSXV:RSS) stock, meanwhile, continued to move higher Friday, up 20% to $0.335 following a 19% gain on Thursday, after the Company reported that the San Francisco Association of REALTORS has engaged RESAAS as its official software development partner to create a first-to-market email distribution service.

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: