Junior Gold Miner Jumps on Drill Results

Calibre Mining Corp. (TSX:CXB), a junior gold miner, powered up after announcing drilling results from its El Limon mine

Sean Mason | November 1, 2019 | SmallCapPower

Assays from a Central American mine generated interest in shares of a junior gold miner Friday. Here’s some small stocks making big moves on Friday, November 1, 2019 (as of 4 pm EST):

Calibre Mining Corp. (TSX:CXB), a junior gold miner, continued to move higher Friday, up 15% to $0.85 following a 11% gain on Thursday, after announcing 2018 and 2019 drilling results from its El Limon mine in Nicaragua, which included 10.53 grams per tonne (g/t) gold over 23.60 metres.

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As well, shares of Pengrowth Energy Corporation (TSX:PGF) plunged 75% to $0.05 as the Canadian energy company said it has agreed to be acquired by Cona Resources Ltd. for C$0.05 per share in cash, which included the repayment of Pengrowth’s outstanding secured debt.

Kinaxis (TSX:KXS), meanwhile, reported that its third-quarter revenue rose 29% to US$47.1 million, while its profit for the period surged 70% to US$4.5 million. Kinaxis stock moved up 14% to $95.77 following the announcement.

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

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