Junior Explorer Shines on Gold Drill Results

Brixton Metals Corporation (TSXV:BBB), a junior explorer, jumped after announcing drill results from its Thorn Project

Sean Mason | July 15, 2019 | SmallCapPower

Golden Triangle drill results sparked much speculation in shares of a junior explorer Monday. Here’s some small stocks making big moves on Monday, July 15, 2019 (as of 4 pm EST):

Brixton Metals Corporation (TSXV:BBB) shares surged 81% to $0.235 on Monday after the junior explorer announced results from drill Hole THN19-150 at its wholly-owned Thorn Project in the Golden Triangle region of British Columbia, which included 554.70 metres of 1.97 g/t gold equivalent.

Win Big With Our Small Cap Picks

 

As well, shares of Aleafia Health Inc. (TSX:ALEF) rose 4% to $1.20 as the medical cannabis company said its wholly-owned subsidiary, Aleafia Farms Inc., has secured a License Amendment under Health Canada’s Cannabis Regulations authorizing cannabis cultivation for the entirety of the Company’s Port Perry Outdoor Grow facility. The License immediately increases the Company’s licensed and operational outdoor cultivation area from 292,000 sq. ft. to more than 1.1 million sq. ft.

Organigram Holdings Inc. (TSXV:OGI), meanwhile, reported third-quarter 2019 financial results. The Company said it expects economies of scale will be achieved as its cultivation ramps up in calendar 2019 without a commensurate increase in staff and that increased revenues and profitability can be driven with the ability to roll-out new products related to Cannabis 2.0. Organigram Holdings stock moved up 4% to $7.92 following the announcement.

Aleafia Health Inc. (TSX:ALEF) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

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: