Junior Explorer Surges on Gold, Copper Assay Results

Almadex Minerals Limited (CVE:AMZ), a junior explorer, climbed after announcing assay results from its El Cobre gold/copper porphyry project in Mexico

Sean Mason | August 15, 2017 | SmallCapPower

More than a few speculators took a shine to gold/copper drill results from a junior explorer Tuesday. Here’s some small stocks making big moves on Tuesday, August 15, 2017 (as of 4 pm EST):

Almadex Minerals Limited (TSXV: AMZ) shares jumped 16% to $1.23 on Tuesday after the junior explorer announced that it has received assay results from hole EC-17-029 of the 2017 Norte drilling program at its El Cobre gold/copper porphyry project in Mexico, which included 534.90 meters of 0.90 g/t gold and 0.30% copper.

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As well, shares of Primero Mining Corp. (TSX: P) slid 19% to $0.13 as the precious metals miner said it has been notified by the New York Stock Exchange (NYSE) that it intends to delist the Company’s common shares from trading on the NYSE.

Solar Alliance Energy Inc. (TSXV: SAN), meanwhile, reported that it has signed an agreement for the design and construction of an approximately US$3.5 million commercial solar project in Los Angeles. Solar Alliance Energy stock moved up 11% to $0.115 following the announcement.

Related: William Shatner Has Time and Space for Solar Alliance Energy: Capital Ideas TV

Finally, Questor Technology Inc. (TSXV: QST) shares climbed 31% to $1.51 after the cleantech company announced that its second-quarter revenue increased to $3.9 million from $700,000 a year earlier, while it swung to a profit of $0.04 a share in the quarter from a loss of $0.02 a share during the same period last year.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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