Gold Junior Moves Higher on Exploration Update

Providence Gold Mines Inc. (CVE:PHD), a gold junior, rose after announcing that gold targets have been identified on its Providence Gold Mine property

Sean Mason | September 26, 2017 | SmallCapPower

Anticipation of drill results sparked a bit of excitement in a gold junior Tuesday. Here’s some small stocks making big moves on Tuesday, September 26, 2017 (as of 4 pm EST):

Providence Gold Mines Inc. (TSXV: PHD) shares gained 16% to $0.215 on Tuesday after the gold junior announced that gold targets have been identified on its Providence Gold Mine property in California and the Company is looking forward to the commencement of drilling.

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As well, shares of Freshii Inc. (TSX: FRII) sank 35% to $5.75 as the health-casual restaurant chain said it has reduced its sales growth guidance due to development delays as well as the closure of 18 non-traditional Freshii Target stores.

K92 Mining Inc. (TSXV: KNT), meanwhile, reported that underground operations have recommenced at its Kainantu Gold Mine in Papua New Guinea following the signing of a resolution between the Local Landowner Group, the Mineral Resources Authority, and the Company. K92 Mining stock moved up 1.2% to $0.435 following the announcement.

Finally, Lucara Diamond Corp. (TSX: LUC) shares rose 5% to $2.42 after the diamond miner announced that the 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana has been sold for US$53 million to Graff Diamonds.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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