Junior Explorer Jumps on Copper Drill Results

Strongbow Exploration Inc. (TSXV:SBW), a junior explorer, climbed after discovering a new copper zone

Sean Mason | April 7, 2020 | SmallCapPower

UK copper and tin results attracted a few speculators to shares of a junior explorer Tuesday. Here’s some small stocks making big moves on Tuesday, April 7, 2020 (as of 4 pm EST):

Strongbow Exploration Inc. (TSXV:SBW) shares shot up 143% to $0.085 on Tuesday after the junior explorer announced the discovery of what the Company called “a new zone of high grade copper-tin mineralization” at its United Downs exploration project in England, which included 14.69 metres grading 7.46% copper.

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As well, shares of Viemed Healthcare, Inc. (TSX:VMD) surged 18% to $7.23 as the home medical equipment supplier that provides post-acute respiratory care services in the United States said it is increasing its previously-issued net revenue guidance for the first quarter of 2020 to approximately US$23.7 million to $23.9 million.

DMG Blockchain Solutions Inc. (TSXV:DMGI), meanwhile, reported an increase in both self-mining and hosted mining with the latest generation ASIC technology. The Company added that it has ordered new mining equipment, which will add 22 Petahash of self-mining, an increase of approximately 50% over current self-mining. DMG Blockchain stock moved up 29% to $0.09 following the announcement.

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

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