Junior Explorer Climbs on Gold Property Option

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Canstar Resources Inc. (TSXV:ROX), a junior explorer, moved sharply higher after acquiring an option on the Golden Baie Project

Sean Mason | August 26, 2020 | SmallCapPower

An option to acquire a Newfoundland gold property boosted shares of a junior explorer Wednesday. Here’s some small stocks making big moves on Wednesday, August 26, 2020 (as of 4 pm EST):

Canstar Resources Inc. (TSXV:ROX) shares jumped 44% to $0.195 on Wednesday after the junior explorer announced that it has entered into an option agreement to acquire a 100% interest in the Golden Baie Project in Newfoundland from a subsidiary of Altius Minerals Corporation. Altius will also increase its ownership stake in Canstar from 7.5% to 14.0%.

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As well, shares of Tinkerine Studios Ltd. (TSXV:TTD) sank 40% to $0.105 as the provider of 3D printing products said its second-quarter revenue fell to $154,896 from $215,200 during the same period last year.

Mimi’s Rock Corp. (TSXV:MIMI), meanwhile, reported Q2 revenue that rose 25% year over year to a record $10.9 million, while swinging to a profit of $928,165 from a loss of $1,240,051 a year earlier. Mimi’s Rock stock popped 14% to $0.40 following the announcement.

Finally, Environmental Waste International Inc. (TSXV:EWS) shares gained 100% to $0.13 after the provider of eco-friendly systems for the breakdown of organic materials announced that it has signed an agreement with WindSpace A/S, a Danish development and investment company, to develop waste tire recycling plants across Europe.

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

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

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