Gold Junior Shines on Visible Gold Discovery

Wallbridge Mining Company Limited (TSX:WM), a gold junior, jumped after intersecting multiple visible gold-bearing shear zones

Sean Mason | March 25, 2019 | SmallCapPower

Multiple visible gold-bearing shear zones generated much speculation in shares of a gold junior Monday. Here’s some small stocks making big moves on Monday, March 25, 2019 (as of 4 pm EST):

Wallbridge Mining Company Limited (TSX:WM) shares climbed 13% to $0.305 on Monday after the gold junior announced that the first hole of its 2019 surface drill program at its 100%-owned Fenelon Gold property in Quebec has intersected multiple visible gold-bearing shear zones and other abundant mineralized veins over an approximately 275 metre core length.

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As well, shares of Gluskin Sheff + Associates Inc. (TSX:GS) surged 29% to $14.45 as the wealth management firm said it has agreed to be acquired by Onex Corporation for C$14.25 per share in cash.

Espial Group Inc. (TSX:ESP), meanwhile, reported that it has agreed to be acquired by Enghouse Systems Limited for C$1.57 per in cash, or a total consideration of approximately C$56.5 million. Espial Group stock popped 37% to $1.55 following the announcement.

Finally, OneSoft Solutions Inc. (TSXV:OSS) shares rose 12% to $0.95 after the software technology developer announced that another Houston–based pipeline operator has adopted its wholly-owned subsidiary OneBridge’s Cognitive Integrity Management software-as-a-service solution for long-term use for its U.S. and Canadian operations.

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

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