Gold Junior Rises on Mineralization Find

Ximen Mining Corp. (TSXV:XIM), a gold junior, gained ground after announcing an update on the Gold Drop property

Sean Mason | December 6, 2019 | SmallCapPower

A large magnetite mineralization intersect sparked speculation in shares of a gold junior Friday. Here’s some small stocks making big moves on Friday, December 6, 2019 (as of 4 pm EST):

Ximen Mining Corp. (TSXV:XIM) shares gained 12% to $0.34 on Friday after the gold junior announced that its option partner, GGX Gold Corp., provided an update on the last drill hole at the Gold Drop property in the Greenwood Mining Camp in British Columbia, which intersected more than 235 metres of magnetite mineralization.

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As well, shares of ZoomAway Travel Inc. (TSXV:ZMA) jumped 13% to $0.09 as the hospitality technology company said it has received final exchange approval to purchase the assets of Tieritup Inc., the creators of the Tripsee Travel Platform.

Siyata Mobile Inc. (TSXV:SIM), meanwhile, reported that it has appointed Richard Hoy to its Board of Directors. The Company added that Mr. Hoy has a highly-successful track record of leading and building enterprise sales teams to deliver accountable and significant revenue growth. Siyata Mobile stock moved up 3% to $0.34 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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