Junior Explorer Slides on Assay Results

Golden Ridge Resources Ltd. (TSXV:GLDN), a junior explorer, fell sharply after announcing assay results from its Hank Project in BC’s Golden Triangle

Sean Mason | November 28, 2018 | SmallCapPower

Golden Triangle drill results from a junior explorer fell short of investor expectations Wednesday. Here’s some small stocks making big moves on Wednesday, November 28, 2018 (as of 4 pm EST):

Golden Ridge Resources Ltd. (TSXV:GLDN) shares sank 31% to $0.10 on Wednesday after the junior explorer announced assay results for the remaining drill holes on its Hank Project in BC’s Golden Triangle District, which included 319 meters of 0.42 g/t gold, 0.34% copper, and 2.20 g/t silver.

Win Big With Our Small Cap Picks


As well, shares of Canada Jetlines Ltd. (TSXV:JET) jumped 14% to $0.57 as the pending Canadian low-cost carrier airline said it has entered into a subscription agreement with Europe’s SmartLynx Airlines SIA for financing commitments of up to $15 million.

Katipult Technology Corp. (TSXV:FUND) stock, meanwhile, continued to move higher Wednesday, up 22% to $0.67 following a 17% gain on Tuesday, after the FinTech company reported a 38% increase in its third-quarter revenue to $0.3 million, while its gross margin percentage for the period was 73.9%, up from 62.2% a year earlier.

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: