Junior Miner Jumps on Option Agreement

GoGold Resources Inc. (TSX:GGD), a junior miner, gained ground after signing an option to acquire 29 concessions that contain several historical mining operations

Sean Mason | March 26, 2019 | SmallCapPower

Shares of a junior miner heated up Tuesday following the signing of a Mexican property option agreement. Here’s some small stocks making big moves on Tuesday, March 26, 2019 (as of 4 pm EST):

GoGold Resources Inc. (TSX:GGD) shares climbed 21% to $0.315 on Tuesday after the junior miner announced the signing of an option agreement to acquire 29 concessions, which contains several historical mining operations, for a large-scale exploration project named Los Ricos, located in Jalisco state, Mexico.

Win Big With Our Small Cap Picks


As well, shares of Solar Alliance Energy Inc. (TSXV:SOLR) surged 150% to $0.075 as the energy solutions provider said it is now an approved Tesla vendor and has signed an agreement to install six Tesla charging stations combined with a solar system at a commercial project in Nashville, Tennessee.

Dealnet Capital Corp. (TSXV:DLS), meanwhile, reported that it has recapitalized its balance sheet to increase its tangible net worth to $34.9 million, or $0.12 per share, while reducing operating expenses to $3.0 million in Q4, representing a go-forward run-rate of $1 million per month. Dealnet Capital stock moved up 9% to $0.06 following the announcement.

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: