More than a few speculators took a shine to guidance from a junior gold miner Monday. Here’s some small stocks making big moves on Monday, October 21, 2019 (as of 4 pm EST):
Calibre Mining Corp. (TSX:CXB) shares climbed 7% to $0.62 on Monday after the junior gold miner announced that it expects fourth-quarter 2019 gold production of between 32,000 and 35,000 ounces at all-in-sustaining costs of between US$950 and US$980 per ounce.
As well, shares of Sangoma Technologies Corporation (TSXV:STC) surged 16% to $1.63 as the provider of unified communications solutions for SMBs, Enterprises, OEMs, and Service Providers said its fiscal 2019 revenue rose 91% to a record $109.6 million. As well, its EBITDA for the year was $12.3 million, another record for the Company.
AltaGas Canada Inc. (TSX:ACI), meanwhile, reported that it has agreed to be acquired by the Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board for $33.50 per share in cash. AltaGas Canada stock popped 30% to $33.15 following the announcement.
Finally, Aben Resources Ltd. (TSXV:ABN) shares slid 27% to $0.08 after the gold explorer announced additional analytical results from its Forrest Kerr Gold Project in British Columbia’s Golden Triangle region, which included 0.12 g/t gold over 46 metres.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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