Gold Junior Glisters on Project Update

African Gold Group, Inc. (TSXV:AGG), a gold junior, continued to rise after providing an update on the Kobada Project in Mali

Sean Mason | November 7, 2019 | SmallCapPower

An update on an African gold project continued to power shares of a gold junior Thursday. Here’s some small stocks making big moves on Thursday, November 7, 2019 (as of 4 pm EST):

African Gold Group, Inc. (TSXV:AGG) shares continued to move higher on Thursday, up 5% to $0.32, after the gold junior announced Tuesday an update on the Kobada Project in Mali, saying it expects the feasibility study to be delivered ahead of the schedule.

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As well, shares of Stuart Olson Inc. (TSX:SOX) fell 39% to $1.65 as the provider of general contracting and electrical building systems contracting in the public and private construction markets said it swung to a third-quarter net loss of $2.0 million from a profit of $3.9 million during the same period last year.

Just Energy Group Inc. (TSX:JE), meanwhile, reported that its second-quarter fiscal 2020 gross margin rose 4% to $155.4 million, despite a 4% reduction in sales, while its administrative expenses for the period fell 7% to $41.5 million. Just Energy stock moved up 16% to $2.97 following the announcement.

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

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