TomaGold Corporation (TSXV:LOT), a gold junior, climbed after announcing that IAMGOLD Corporation released results of the first mineral resource estimate for the Monster Lake joint venture project
A resource with ‘monster’ grades sent a few speculators running to buy shares of a gold junior Wednesday. Here’s some small stocks making big moves on Wednesday, March 28, 2018 (as of 4 pm EST):
TomaGold Corporation (TSXV:LOT) shares jumped 25% to $0.075 on Wednesday after the gold junior announced that its joint-venture partner, IAMGOLD Corporation, released results of the first mineral resource estimate for the Monster Lake joint venture project (TomaGold owns 45%) in Quebec, which showed an Inferred resource of 1,109,700 tonnes averaging 12.14 grams per tonne (g/t) gold for 433,300 ounces of contained gold.
As well, shares of GoldQuest Mining Corp. (TSXV:GQC) slid 33% to $0.195 as the gold explorer said a court ruling in the Dominican Republic requires the Company to suspend its activities at the Romero Project until certain certificates and licenses are issued.
Badger Daylighting Ltd. (TSX:BAD), meanwhile, reported a fiscal 2017 net profit that surged to $65.9 million from $28.9 million in 2016. The Company also increased its annual dividend by 18% to $0.54 per common share. Badger Daylighting stock moved up 12% to $25.99 following the announcement.
Finally, Patriot One Technologies Inc. (TSXV:PAT) shares climbed 10% to $1.71 after the concealed weapons detection system manufacturer announced that it has advanced to Stage-3 active testing and research of the PATSCAN CMR concealed weapons detection solution in real-world environments.
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.