Junior Explorer Climbs on Sprott Investment

Published:

AbraPlata Resource Corp. (TSXV:ABRA), a junior explorer, moved higher after Eric Sprott agreed to invest C$3 million into the Company

Sean Mason | June 23, 2020 | SmallCapPower

A significant investment from Eric Sprott pushed shares of a junior explorer higher Tuesday. Here’s some small stocks making big moves on Tuesday, June 23, 2020 (as of 4 pm EST):

AbraPlata Resource Corp. (TSXV:ABRA) shares gained 20% to $0.18 on Tuesday after the junior explorer announced that Eric Sprott has agreed to invest C$3 million into the Company as part of a C$4 million non-brokered private placement at a price of C$0.115 per unit.

Win Big With Our Small Cap Picks

 

As well, shares of Boyuan Construction Group, Inc. (TSX:BOY) jumped 33% to $0.48 as the China-focused construction company said it has received a proposal to “go private” at a price of C$0.50 per share in cash.

Drone Delivery Canada Corp. (TSXV:FLT), meanwhile, reported that it has entered into a second commercial agreement with DSV Air & Sea Inc. Canada to deliver healthcare-related cargo. Drone Delivery Canada stock moved up 6% to $0.91 following the announcement.

Finally, Desert Mountain Energy Corp. (TSXV:DME) shares powered 61% higher to $0.54 after the resource junior announced that it has “encountered gas in multiple zones” in its first wildcat exploratory well in Arizona’s Holbrook Basin.

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:

Related articles

Recent articles