Junior Explorer Jumps on New Visible Gold Vein

Grande Portage Resources Ltd. (TSXV:GPG), a junior explorer, moved higher after encountering “extremely encouraging veining”

Sean Mason | August 20, 2020 | SmallCapPower

Visible gold in two new intercepts attracted a few speculators to shares of a junior explorer Thursday. Here’s some small stocks making big moves on Thursday, August 20, 2020 (as of 4 pm EST):

Grande Portage Resources Ltd. (TSXV:GPG) shares climbed 12% to $0.58 on Thursday after the junior explorer announced that its drill rig on the T Pad has encountered what the Company called “extremely encouraging veining” in two intercepts between the Goat and the Main Veins on its 100% owned Herbert gold property in Alaska, both of which contained visible gold in the core.

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As well, shares of Else Nutrition Holdings Inc. (TSXV:BABY) rose 20% to $2.62 as the provider of plant-based baby nutrition said it has begun a second commercial manufacturing run and has on-boarded additional retail brokers in order to bring the product to the shelves of natural food retailers.

Ceapro Inc. (TSXV:CZO), meanwhile, reported record second-quarter revenue that rose 53% year over year to $4.67 million, while swinging to a net profit of $1.1 million from a net loss of $559,000 a year earlier. Ceapro stock moved up 10% to $0.89 following the announcement.

Finally, Loop Insights Inc. (TSXV:MTRX) shares gained 21% to $0.29 after the AI driven payments and marketing company announced the signing of a Pilot Agreement with Sunflora Inc., to implement Loop’s analytics platform into 20 of its Your CBD Store retail locations, which if successful could be included all 550+ Your CBD Store locations in 41 U.S. states.

Loop Insights (TSXV:MTRX) is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

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

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