Gold Junior Shines on Big-Name Investment

Wallbridge Mining Company Limited (TSX:WM), a gold junior, jumped after announcing that Eric Sprott had purchased 24,042,895 common shares of Wallbridge

Sean Mason | October 1, 2018 | SmallCapPower

An addition investment by Eric Sprott generated a lot of excitement in shares of a gold junior Monday. Here’s some small stocks making big moves on Monday, October 1, 2018 (as of 4 pm EST):

Wallbridge Mining Company Limited (TSX:WM) shares surged 25% to $0.275 on Monday after the gold junior announced that Eric Sprott had purchased 24,042,895 common shares of Wallbridge by way of a private agreement at a price $0.165 per share. As a result of this transaction, Eric Sprott now owns and controls approximately 16.1% of Wallbridge Mining’s outstanding shares.

Win Big With Our Small Cap Picks

 

As well, shares of Delivra Corp. (TSXV:DVA) climbed 29% to $0.40 as the specialty biotechnology company said it has recently received inquiries from a number of interested parties in relation to the Company’s proprietary transdermal delivery system platform, including its proprietary applications for the cannabis and pharma industries.

Aton Resources Inc. (TSXV:AAN), meanwhile, reported results of the first three drill holes from within its 100% owned Abu Marawat Concession located in the Eastern Desert of Egypt, which included 36 metres of 12.47 g/t gold from five metres downhole depth. Aton Resources stock popped 90% to $0.095 following the announcement.

Finally, Harvest One Cannabis Inc. (TSXV:HVT), one of the Canadian cannabis stocks, rose 10% to $0.89 after announcing that its wholly-owned subsidiary, United Greeneries Ltd., has entered into a supply agreement with Manitoba Liquor and Lotteries to supply craft cannabis for the adult-use market launch on October 17, 2018. The Company added that it has also been approved as a registered supplier with the Saskatchewan Liquor and Gaming Authority.

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

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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: