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.

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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.

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

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