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.
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.
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