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.
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.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.