Junior Explorer Climbs on Initial Drill Results

Sama Resources Inc. (TSXV:SME), a junior explorer, continued to gain ground after announcing results from Yepleu Sector 1 in Côte d’Ivoire, West-Africa

Sean Mason | April 5, 2019 | SmallCapPower

Semi-massive and massive sulphide material sparked interest in shares of a junior explorer Friday. Here’s some small stocks making big moves on Friday, April 5, 2019 (as of 4 pm EST):

Sama Resources Inc. (TSXV:SME) shares surged 27% to $0.35 on Friday a day after the junior explorer announced that a second hole drilled at Yepleu Sector 1 in Côte d’Ivoire, West-Africa, as a follow-up on the mineralized zone intersected on the first deep hole, returned a mineralized zone of 54 metres of disseminated to semi-massive and massive sulphide material from 585 metres to 639 metres from the surface. The Company added that assays results are pending.

Win Big With Our Small Cap Picks


As well, shares of Japan Gold Corp. (TSXV:JG) sank 26% to $0.19 as the resource junior said First Quantum Minerals has decided not to enter into a formal earn-in agreement following completion of an initial surface evaluation on the four lithocap projects.

Glacier Media Inc. (TSX:GVC), meanwhile, reported the sale of its affiliate’s interest in Fundata Canada Inc. for $55 million. Glacier also announced the acquisition of the assets of Castanet Media Ltd., a leading source of local media and related information in the Okanagan region of British Columbia, with over 35 million monthly page views. Glacier Media stock popped 13% to $0.60 following the announcement.

Finally, MediPharm Labs Corp. (TSXV:LABS) shares jumped 17% to $4.25 two days after the cannabis extraction company announced Q4 2018 revenue of $10.2 million and Adjusted EBITDA of $2.1 million.

Read: Ubika Alpha says MediPharm Labs revenue growth is just getting started

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: