Junior Gold Miner Shines on Expected Sales Increase

Robex Resources Inc. (TSXV:RBX), a junior gold miner, moved higher after announcing plans to finish the first quarter of 2018 with a strong increase in gold sales

Sean Mason | March 12, 2018 | SmallCapPower

Better-than-expected gold sales gave a boost to shares of a junior gold miner Monday. Here’s some small stocks making big moves on Monday, March 12, 2018 (as of 4 pm EST):

Robex Resources Inc. (TSXV:RBX) shares jumped 19% to $0.095 on Monday after the junior gold miner announced that it plans to finish the first quarter of 2018 with a strong increase in gold sales compared to the average for 2017, at its Nampala mine in Mali.

Win Big With Our Small Cap Picks


As well, shares of Assure Holdings Corp. (TSXV:IOM) plummeted 55% to $1.70 as the provider of intraoperative neuromonitoring services said its auditors have resigned and, as a result, it will be delayed in filing its annual audited financial statements.

Cara Operations Limited (TSX:CARA), meanwhile, reported that it has increased its quarterly dividend by 5% to $0.1068 per share. Cara Operations stock moved up 12% to $26.99 following the announcement.

Finally, HIT Technologies Inc. (TSXV:HIT) shares gained 22% to $0.055 after the provider of lifestyle accessories for mobile phones announced an expanded collaboration with its key China-based manufacturing partner, which is a leader in the development of waterproof case and mobile accessory products.

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: