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.

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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.

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

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