Junior Explorer Jumps on Gold Property Option

Troubadour Resources Inc. (TSXV:TR), a junior explorer, gained ground after signing a LOI for a gold property option

Sean Mason | March 15, 2019 | SmallCapPower

An option on a historic gold mining property generated a bit of excitement in shares of a junior explorer Friday. Here’s some small stocks making big moves on Friday, March 15, 2019 (as of 4 pm EST):

Troubadour Resources Inc. (TSXV:TR) shares climbed 33% to $0.12 on Friday after the junior explorer announced that it has signed a letter of intent for the option to acquire the Surespan Gold Property on the northwest coast of Vancouver Island, B.C., which encompasses the historic Zeballos gold mining camp.

Win Big With Our Small Cap Picks


As well, shares of Enterprise Group, Inc. (TSX:E) fell 13% to $0.20 as the energy services company said its fiscal 2018 revenue decreased by $3,859,936 to $20,479,612.

Continental Gold Inc. (TSX:CNL), meanwhile, reported that it has obtained a US$175 million financing package, which includes a US$50 million Debenture from Newmont Mining Corporation. Continental Gold stock popped 11% to $2.89 following the announcement.

Finally, MOBI724 Global Solutions Inc. (TSXV:MOS) shares gained 18% to $0.065 after the global FinTech company announced that its wholly-owned subsidiary has signed a new commercial agreement with a business partner with operations in multiple countries.

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: