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.

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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.

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

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